Warrants of series TO1 were subscribed to approximately 43.4 percent and Move About Group AB receives approximately SEK 3.38 million

linusPress Releases, Regulatory

Move About Group AB (“Move About” or the “Company”) today announces the outcome of the exercise of warrants of series TO1, which were issued during the first quarter of 2022. In total, 2,084,883 warrants of series TO1 were exercised, corresponding to approximately 43.4 percent of the total number of outstanding warrants of series TO1, for subscription of 2,084,883 shares at a subscription price of SEK 1.62 per share. Move About will receive approximately SEK 3.38 million before issuing costs through the exercise of the warrants of series TO1.


The subscription period for exercise of the warrants of series TO1 took place from September 26, 2022, up to and including October 7, 2022. The subscription price per share for exercising the warrants of series TO1 was set to SEK 1.62.

In total, 2,084,883 warrants of series TO1 were exercised for subscription of 2,084,883 shares, meaning that approximately 43.4 percent of all outstanding warrants of series TO1 were exercised for subscription of shares.

Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately three (3) weeks.

Number of shares, share capital and dilution

Through the exercise of the warrants of series TO1, the number of shares in Move About increases by 2,084,883 shares, from 24,927,100 shares to a total of 27,011,983 shares. The share capital will increase by SEK 52,122.075 from SEK 623,177.500 to SEK 675,299.575. For existing shareholders who did not exercise any warrants of series TO1, the dilution amounts to approximately 7.7 percent of the number of shares and of votes in the Company.


Mangold Fondkommission AB is financial adviser and Eversheds Sutherland Advokatbyrå AB is legal adviser to Move About Group AB in connection with the exercise of the warrants of series TO1.

For further information, please contact:

Olof Jonasson, CEO, Move About Group AB
Tel: +46790683811

This information is information that Move About Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at [[20:30] (CEST) on October 10, 2022].

Certified Adviser

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 70,000 users on its platform and over 800 electric cars in its vehicle fleet with a presence in Sweden, Norway and Germany.

Important information

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.