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LIDDS AB (publ) ("LIDDS" or the "Company") announces that the Company's board today, with the support of the authorization from the extraordinary general meeting on January 9, 2023, decided to issue 257,142 shares as guarantee compensation directed to a number of the guarantors who provided guarantee commitments in the rights issue that the Company carried out during the period 23 January to 6 February 2023, in accordance with the guarantee agreements entered into.
The guarantors who provided guarantee commitments in the rights issue had the option of having the compensation paid out in cash or in the form of newly issued shares in the Company, which was previously communicated in connection with the rights issue. In total, three guarantors have chosen to have the guarantee compensation paid out in shares. As a result, the company's board has today decided, with the support of the authorization from the extraordinary general meeting on January 9, 2023, to issue 257,142 shares as compensation to these guarantors, which will increase the company's share capital by approximately 13,628.53 SEK. The reasons for the deviation from the shareholders' preferential right were to enable a successful capital acquisition and to fulfill the guarantee agreements entered into.
The shares are issued at a price of 1.40 SEK per share, which corresponds to the subscription price in the rights issue and is therefore considered market-based in the board's judgment. All shares in the directed issue have been subscribed for and allocated, and the board has decided that payment shall be made by offsetting the respective guarantor's claim on the Company amounting to a total of 360,000 SEK. When these 257,142 shares together with the 33,234,730 shares that were issued in the rights issue have been registered with the Swedish Companies Registration Office, the number of shares in the Company will amount to 68,231,663 shares, and the Company's share capital to approximately 1,848,174.06 SEK. The dilution resulting from the directed issue to the guarantors amounts to approximately 0.4 percent after the rights issue has been registered.
The company has had no specific costs related to the directed issue as this takes place as part of the work on the rights issue. However, the cash part of the guarantee compensation that the Company needs to pay out is reduced to approximately 4.7 MSEK, from previously 5.0 MSEK.
Erik Penser Bank AB is financial advisor to LIDDS in connection with the share issue and Setterwalls Advokatbyrå AB is legal advisor.