Conversion of paid subscribed units (BTU) and first day of trading with warrants of series TO5 and TO6
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
Lumito AB ("Lumito" or the "Company") has conducted an issue of units of approximately SEK 43 thousand (the "Issue"). The Issue was fully subscribed and a total of 4,300,781 units were issued in the Issue corresponding to 17,203,124 warrants of series TO5 and 17,203,124 warrants of series TO6. The first day of trading for warrants of series TO5 and TO6 is Friday, January 5, 2024.
The Issue has been registered at the Swedish Companies Registration Office. The last day of trading with BTU is Friday December 29, 2023. The record date for the conversion is Wednesday January 3, 2024, afterwards the BTU will be converted to warrants of series TO5 and warrants of series TO6.
Warrants subscribed for in the Issue are expected to be available on the subscribers depository/securities account on Friday, January 5, 2024.
The first day of trading for warrants of series TO5 and TO6 is Friday, January 5, 2024.
Each warrant of series TO5 entitles the holder to subscribe for one (1) new share in the Company. The subscription price for shares subscribed for using the warrants of series TO5 is 70 percent of the volume-weighted average price of the Company's share during the period from May 13, 2024 to May 24, 2024, however, not less than the share's quotient value (currently SEK 0.025) and not more than SEK 1.20. The warrants of series TO5 can be exercised for the subscription of new shares during the period from May 27, 2024 to June 10, 2024.
Each warrant of series TO6 entitles the holder to subscribe for one (1) new share in the Company. The subscription price for shares subscribed for using the series TO6 warrants is 70 percent of the volume-weighted average price of the Company's share during the period from October 21, 2024 to November 1, 2024, however, not less than the share's quotient value (currently SEK 0.025) and not more than SEK 1.40. The warrants of series TO6 can be exercised for the subscription of new shares during the period from November 4, 2024 to November 15, 2024.
ISIN code for BTU: SE0021148582
ISIN code for warrants of series TO5: SE0021148558
ISIN code for warrants of series TO6: SE0021148566
Advisers
Mangold Fondkommission AB is financial adviser and Advokatfirman Lindahl KB is legal advisor Lumito in connection with the Issue.