Summarized terms for the warrants of series TO1:
Subscription period: September 26, 2022 - October 7, 2022.
Exercise price: SEK 1.62 per share.
Issue size: 4,800,000 warrants of series TO1, which entitles to subscription of 4,800,000 shares. If all the warrants are exercised, the Company will receive approximately SEK 7.8 million before issuing costs.
Last day for trading warrants of series TO1: October 5, 2022.
Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 120,000.00, from SEK 623,177.50 to SEK 743,177.50. If all warrants are exercised the number of shares will increase with 4,800,000 shares, from 24,927,100 shares to 29,727,100 shares. The dilution at full exercise of all warrants amounts to approximately 16.15 percent of the number of shares and votes in the Company.
Note that the warrants of series TO1 that are not exercised at the latest October 7, 2022, or sold at the latest October 5, 2022, will expire without value. For the warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants. Also note that some nominees may close their registration earlier than October 7, 2022.
How warrants are exercised:
Nominee-registered warrants (Custody account)
Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.
Direct-registered warrants (Securities account)
No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form. The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.
The application form including instructions for payment will be available at Move About's website, www.moveaboutgroup.com and on Mangold Fondkommission AB's website, www.mangold.se on September 26, 2022.
Mangold Fondkommission AB is financial adviser and Eversheds Sutherland Advokatbyrå AB is legal adviser to Move About Group in connection with the exercise of the warrants of series TO1.
For further information, please contact:
Olof Jonasson, acting CEO Move About Group AB
The Company's Certified Adviser is Mangold Fondkommission AB.
About Move About Group AB
Move About offers app-based, environmentally friendly and cost-effective mobility solutions to individuals, companies, municipalities and organizations. The Company has developed and owns all intellectual property rights to the cloud-based green tech platform that provides digital access to electric cars, electric bicycles, taxis, subway and parking, all through the same app - around the clock. Every kilometre that the user travels with the electric cars via the platform means reduced CO2 emissions. The Company's comprehensive mobility solutions are based on the Move About app, which gives the user access to the Company's pools of electric cars, bicycles and scooters. Move About also helps companies, municipalities and organizations optimize their fleets by tailoring mobility solutions to their needs. Move About was founded in Oslo, Norway, in 2007 and has over 58,500 users on its platform and over 800 electric cars in its vehicle fleet with a presence in Sweden, Norway and Germany.
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Move About in any jurisdiction, neither from Move About nor anyone else.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.