The extra general meeting of
Amendment of the articles of association
The extra general meeting resolved, in accordance with the board of directors' proposal, to amend the limits in the articles of association for the share capital from a minimum of
Approval of the board of directors' resolution on a rights issue of units
The extra general meeting resolved to approve the board of directors' resolution from
Through the issuance of shares the Company's share capital will increase with a minimum of SEK 178,161,212.217658 and a maximum of
The subscription price is
One warrant series TO1 entitles to subscription of one new share in the Company at a subscription price of SEK 0.29.
Those who on the record date
In the event that a person subscribes for units that result in the person's total shareholding exceeds a limit that means that the person's acquisition will be subject to reporting under the Swedish Foreign Direct Investments Screening Act (2023:560), allotment shall initially only be made to a level where the person falls below the said limit, and allotment of the excess amount of the subscription shall be conditional on the person obtaining the necessary approvals under the Act (2023:560).
Authorization for the board of directors to issue shares, convertibles and/or warrants
The extra general meeting further resolved, in accordance with the board of directors' proposal, to authorize the board of directors during the period up until the next annual general meeting, on one or more occasions, to resolve to issue shares, convertibles and/or warrants, with or without preferential rights for the shareholders, in the amount not exceeding twenty (20) percent of the total number of shares in the Company at the time when the authorization is used the first time, to be paid in cash, in kind and/or by way of set-off.
The authorization is intended to, inter alia, to enable the Company to carry out the issue of units as well to realize the Company's adopted strategy and increase the Company's working capital. If the board of directors resolves on an issue with deviation from the shareholders' preferential rights, the reason may, in addition to what is stated above, be to provide the Company with additional working capital and, if applicable, set-off any remuneration to guarantors in a preferential rights issue.
Issuances shall be made at a market subscription price, subject to a market issue discount where applicable, and payment shall, in addition to cash payment, be made in kind or by set-off, or otherwise with conditions. If the board of directors finds it appropriate to enable delivery of shares in connection with an issuance as set out above, this may be done at a subscription price corresponding to the quota value of the shares.
For detailed terms and conditions regarding the above resolutions at the meeting, please refer to the notice and the complete proposals which are available on the Company's website, www.xbrane.com.
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