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CEO
"We appreciate the continuous confidence from existing and new shareholders and will now continue internationalization. Lately we have signed numerous commercial agreements in new relevant markets and look forward to continue doing so in more countries during the fall. In parallel we continue to expand our product portfolio where industrialization of our patented cream is next in line."
Subscription and allotment
The subscription period for the Rights Issue ended on
Allocation of units subscribed for without unit rights has been made in accordance with the principles stated in the conditions and instructions available on the Company's website. Each unit consists of four (4) shares. Notification of allocation is made through a contract note sent by mail to each subscriber. Allocated units shall be paid in accordance with the instructions in the contract note.
Trading in BTU
Trading in paid subscribed unit ("BTU") will take place on Nasdaq First North Growth Market until the conversion of BTU to shares is completed. This is expected to take place around week 37, 2023.
Underwriting commitments
The Rights Issue was subject to underwriting commitments of approximately MSEK 13. Compensation for the underwriting commitments amounts to 15 percent of the guaranteed amount in cash or 18 percent of the guaranteed amount in the form of newly issued shares in the Company. The subscription price for the shares that may be issued in the form of underwriting compensation has, after negotiation with those who have provided underwriting commitments, been set at
Number of shares and share capital
Through the Rights Issue, the number of shares in the Company increases by 15,469,564 shares, from 25,795,321 shares to 41,264,885 shares and the share capital increases by
Advisors
For more information, please contact:
Telephone: +46 (0) 703 12 19 42
E-mail: fredrik.carling@vegoflund.se
www.dugdrinks.com
About
Important information
The publication, announcement or distribution of this press release may, in certain jurisdictions, be subject to legal restrictions and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. No action has been taken and no action will be taken to permit an offer to the public in jurisdictions other than
Any investment decision in connection with the Rights Issue shall be made based on all publicly available information relating to the Company. The information in this press release is published only as background information and does not claim to be complete. Accordingly, an investor should not rely solely on the information in this press release or its accuracy or completeness.
This press release may not be announced, published, or distributed, directly or indirectly, in or into
None of the units, shares, unit rights, BTUs or other securities have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction in
This press release may contain some forward-looking statements that reflects the Company's current view of future events and financial and operational development. Words such as "intend", "consider" "expect", "may", "plan", "believe", "estimate" and other expressions that imply indications or predictions of future developments or trends, and that are not based on historical facts, constitute forward-looking statements. By its nature, forward-looking statements involves known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements is not a guarantee of future results or development and actual outcomes may differ materially from those expressed in forward-looking statements. Neither the Company nor anyone else undertakes to review, update, confirm or publicly announce any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless required by law or the Nasdaq First North regulations for issuers.
https://news.cision.com/veg-of-lund/r/veg-of-lund-announces-outcome-of-rights-issue,c3827750
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