Anoto carries out a directed rights issue and the Board of Anoto resolves to call an Extraordinary General Meeting with a proposal for approval of another directed rights issue

In This Article:

Anoto Group AB
Anoto Group AB

Stockholm, 4 October 2022 – The Board of Anoto Group AB (publ) ("Anoto" or the "Company") has resolved, based on the authorization from the Annual General Meeting on June 28, 2022, to carry out a directed rights issue. Furthermore, the Board resolves, subject to approval at an Extraordinary General Meeting, to carry out directed rights issue. Notice of an Extraordinary General Meeting with a proposal to approve the Board's decision to carry out a directed rights issue will be published separately.

New issue of units

With regard to the directed rights issue that the Board resolved based on the authorisation from the Annual General Meeting on June 28, 2022, the Board has resolved to increase the Company's share capital by SEK 1,000,000.804698 through issue of a maximum of 1,666,668 ordinary shares. The Board has further resolved, based on the same authorisation, to issue a maximum of 555,556 warrants of series 2022/2023, which entitles the holder to subscribe for a total of 555,556 ordinary shares, whereby the share capital may increase by SEK 333,333.601566 through the use of the issued warrants of series 2022/2023. The new issue of ordinary shares and warrants shall be treated as a decision and implemented by issuing so-called units ("the First New Issue"). A unit consists of three (3) shares and one (1) warrant of series 2022/2023.

The right to subscribe for the new shares and warrants in The First New Issue accrues to a limited number of investors consulted in advance. The reason for the deviation from the shareholders' preferential right is to provide the company with working capital and capital to run development projects in a time and cost-effective manner and thereby strengthen the Company's financial flexibility, liquidity and solvency. The subscription price per unit is SEK 1.800000009, corresponding to a subscription price per share of SEK 0.600000003. The warrants are issued free of charge. The issue price has been determined according to the prevailing market conditions at the time of the issuance decision of the First New Issue. One (1) warrant of series 2022/2023 entitles the holder to subscribe for one (1) new share in the Company. Subscription of shares in the Company with the support of warrants of series 2022/2023 must take place in accordance with the terms of the warrants during the period on 5 October 2022 up to and including 5 October 2023. The subscription price per share shall be SEK 0.600000003. Through the First New Issue, Anoto will receive approximately SEK 1,000,000 before issue costs. The new issue means a direct dilution effect of approximately 0.7 percent of the share capital after dilution. If all warrants are exercised, the First New Issue entails an additional dilution effect of approx. 0.2 percent of the share capital after dilution. All subscribed units have been allocated.