March 1st 2023
Azelio announces outcome in the exercise of warrants of series TO33
Azelio AB (publ) (“Azelio” or “the Company”) today announces the outcome of the exercise of warrants of series TO33, which were issued in connection with the Company's rights issue of units during the fourth quarter of 2022. In total, 8,195,732 warrants of series TO33 were exercised, corresponding to approximately 28.3 percent of the total number of outstanding warrants of series TO33, for subscription of 8,195,732 shares at a subscription price corresponding to the quota value of SEK 0.51[1] per share. Azelio will receive approximately SEK 4.2 million before issuing costs through the exercise of the warrants of series TO33.
Background
The subscription period for exercise of the warrants of series TO33 took place during the period from and including 15 February 2023, up to and including 28 February 2023. The subscription price per share for exercising the warrants of series TO33 was set to the quota value of SEK 0.51[1].
In total, 8,195,732 warrants of series TO33 were exercised for subscription of 8,195,732 shares, meaning that approximately 28.3 percent of all outstanding warrants of series TO33 were exercised for subscription of shares.
Shares that have been subscribed and paid for will be registered on the subscriber's securities depository as interim shares (IA) until registration of the issue has been completed with the Swedish Companies Registration Office, whereupon the interim shares automatically will be converted into shares in Azelio.
Number of shares, share capital and dilution
Through the exercise of the warrants of series TO33, the number of shares in Azelio increases by 8,195,732 shares, from 318,662,245 shares to a total of 326,857,977 shares. The share capital will increase by approximately SEK 4,097,866.12, from approximately SEK 159,331,127.10 to approximately SEK 163,428,993.22.
For existing shareholders who did not exercise any warrants of series TO33, the dilution amounts to approximately 2.5 percent of the number of shares and votes in the Company.
Advisers
Carnegie Investment Bank AB (publ) and Pareto Securities AB act as Joint Global Coordinators and Bookrunners. Advokatfirman Vinge is legal adviser to the Company and Baker McKenzie is legal adviser to the Joint Global Coordinators and Bookrunners in connection with the exercise of warrants.
Certified Advisor
The Company’s Certified Advisor is FNCA Sweden AB which can be reached on
+46 (0) 8-528 00 399 and by email info@fnca.se
[1] The quota value in the Company’s share is SEK 0.5000000144430665 and have for settlement technical reasons been rounded to the nearest whole Swedish öre above the quota value.
