Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Thule Group AB (publ)    THULE   SE0006422390

THULE GROUP AB (PUBL)

(THULE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Thule publ : Exercise of Thule Group AB's warrant program 2017/2020

share with twitter share with LinkedIn share with facebook
07/27/2020 | 03:31am EDT

Thule Group AB’s warrant program 2017/2020 has been completed and as a consequence hereof the number of shares in the company increases by 1,346,330. The total number of shares in the company thereby amounts to 104,562,436. The company's share capital increases by SEK 15,047.06 and thus amounts to SEK 1,168,626.51. The subscription price for the shares was SEK 193.70 per share. The shares are expected to be admitted to trading on Nasdaq Stockholm on or around July 31, 2020.

All newly subscribed shares have been sold. The terms for determining the exercise price for the subscription warrants has led to that the ceiling for the highest realization value was reached at a share price of SEK 248.80. Thule Group AB receives SEK 260,784,121 in connection with the exercise of the subscription warrants.

The warrants in warrant program 2017/2020 have been held by the CEO and other senior executives (in total ten individuals at the time of exercise).

In connection with the execution of the warrant program, Fredrik Erlandsson, Thule Group AB's SVP Communications and IR, has acquired warrants from three of the program's participants who are all US citizens and therefore, for regulatory reasons, could not participate in the placement. The proceeds of these acquired warrants will accrue to the original warrant holders.

Following the transaction, the CEO and senior management remain as significant shareholders in the company and together own just over 1 percent of the shares in the company, corresponding to a value of approximately SEK 301m based on the share's closing price on July 24, 2020. To this should be added significant holdings in the subscription warrant program 2020/2023, as recently resolved by the Annual General Meeting and entered into.

In connection with the sale of the newly subscribed shares, CEO and President Magnus Welander has undertaken, in relation to the financial advisor who has participated in the sale, not to divest additional shares (or other linked instruments) for a period of 180 days from and including July 27, 2020. The undertaking is associated with customary exceptions.

© Modular Finance, source Nordic Press Releases


share with twitter share with LinkedIn share with facebook
All news about THULE GROUP AB (PUBL)
10/23THULE : Groups' (publ) CEO and President, Magnus Welander, comments on the compa..
PU
10/23THULE : Groups' (publ) CEO and President, Magnus Welander, comments on the compa..
AQ
10/23THULE () : interim report, third quarter, July–September 2020
AQ
10/22THULE : Interim Report Q3, July - September, 2020
PU
10/19THULE : NEW TIME for telephone conference with web presentation in connection wi..
PU
10/19THULE : NEW TIME for telephone conference with web presentation in connection wi..
AQ
10/01THULE : Invitation to conference call with web presentation of Thule Group's int..
PU
10/01THULE : Invitation to conference call with web presentation of Thule Group's int..
AQ
09/10THULE : Nomination committee appointed ahead of 2021 Annual General Meeting of T..
AQ
09/10THULE : Fred Clark, Business Area President Region Americas, to retire from Thul..
PU
More news
Financials
Sales 2020 7 527 M 861 M 861 M
Net income 2020 1 062 M 121 M 121 M
Net Debt 2020 1 313 M 150 M 150 M
P/E ratio 2020 30,4x
Yield 2020 3,42%
Capitalization 32 582 M 3 714 M 3 729 M
EV / Sales 2020 4,50x
EV / Sales 2021 4,34x
Nbr of Employees 2 400
Free-Float 100%
Chart THULE GROUP AB (PUBL)
Duration : Period :
Thule Group AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THULE GROUP AB (PUBL)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 310,00 SEK
Last Close Price 311,60 SEK
Spread / Highest target 10,7%
Spread / Average Target -0,51%
Spread / Lowest Target -13,4%
EPS Revisions
Managers
NameTitle
Jan Magnus Welander President & Chief Executive Officer
Bengt Baron Chairman
Jonas Lindqvist Chief Financial Officer
Hans Gunnar Eckerström Non-Independent Director
Heléne Mellquist Non-Independent Director
Sector and Competitors