Today the subscription period in XMReality's rights issue begins
THIS PRESS RELEASE MAY NOT BE PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR TO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, UNITED KINGDOM, SOUTH AFRICA, RUSSIA, BELARUS, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS IN WHOLE OR IN PART SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN XMREALITY AB. SEE THE “IMPORTANT INFORMATION” SECTION AT THE END OF THIS PRESS RELEASE.
Today, on 6 August 2024, the subscription period begins in XMReality AB (publ)'s ("XMReality" or the "Company") rights issue of shares which were announced through a press release on 28 June 2024 (the "Rights Issue"). The subscription period runs up to and including 20 August 2024. Please note, that some banks and nominees may have an earlier response deadline for subscription in the Rights Issue. Shareholders should therefore check with their bank or nominee if they have an earlier response date for subscription of shares.
Time plan for the Rights Issue
August 6 – August 15, 2024 | Trading in subscription rights |
August 6 – August 20, 2024 | Subscription period |
August 6 – August 29, 2024 | Trading in BTA |
August 21, 2024 | Estimated date for announcement of the outcome of the Rights Issue |
Subscription with preferential rights - directly registered shareholders
Directly registered shareholders who, on the record date on 2 August 2024, were registered in the share register maintained by Euroclear Sweden AB ("Euroclear") and on behalf of the Company, receive subscription rights in relation to the registered holdings as well as a pre-printed issue report with an attached payment notice from Euroclear. In the event that a different number of subscription rights than what is stated in the pre-printed issue report is utilized for subscription, the special application form available on the Company's website, www.xmreality.com, shall be used as a basis for subscription together with simultaneous cash payment.
Subscription with preferential rights – nominee registered shareholders
Shareholders whose holdings of shares in the Company were nominee registered on the record date of 2 August 2024 shall subscribe and pay for shares in accordance with instructions from the respective nominee. Please note that some banks and nominees may have an earlier response deadline for subscription in the Rights Issue. Shareholders should therefore check with their bank or nominee if they have an earlier response date for subscription of shares.
Subscription without preferential rights - directly registered shareholders
For subscription without preferential rights, the special application form available on the Company's website www.xmreality.com shall be used. Notification of allocation is given by distribution of a contract note. Only those who are allocated shares will receive a contract note.
Subscription without preferential rights – nominee registered shareholders
Application for subscription without preferential rights through a nominee is made according to instructions from the respective nominee. Only those who are allocated shares will receive a notice of allocation from their nominee.
Advisors
XMReality Group has engaged Penser by Carnegie, Carnegie Investment Bank AB (publ), and Ramberg Advokater KB as financial and legal advisors in connection with the Rights Issue.