The board and management of Terranet subscribe in the ongoing rights issue
01 Giugno 2023 - 8:30AM
The board and management of Terranet subscribe in the ongoing
rights issue
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 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.
Members of Terranet AB's board and management intend to
subscribe in the ongoing rights
issue. Göran Janson intends to
subscribe for all his held
rights, whilst Torgny Hellström and Magnus Andersson will subscribe
with rights transferred to them by Anders Blom. Further, Anders
will subscribe privately for his
remaining rights, in addition to the subscription
commitment of SEK 13.0 million that Anders has
made through Maida Vale Capital AB.
Terranet has received commitments from the following persons who
intend to subscribe in the Company's ongoing rights issue,
privately or through a company:
Shareholder |
Role in the Company |
Current shares |
SEK |
Magnus Andersson |
CEO |
0 |
249,999.30 |
Anders Blom |
Board Member |
2,245,405 |
199,999.80 |
Torgny Hellström |
Chairman of the Board |
0 |
99,999.90 |
Göran Janson |
Board Member |
427,500 |
96,187.50 |
|
|
|
|
Total |
|
2,672,905 |
646,186.50 |
Through these subscription commitments, the board and management
show their confidence and solid faith in Terranet's future
prospects.
"It feels exciting for me to be able to buy into Terranet at
this stage, having now worked here for a period and having been
able to observe the steps we are taking together towards our goals.
I also think that it feels great and ensuring with good support
from other members of the board, it shows that we share the vision
we have for Terranet going forward." Comments Magnus Andersson,
CEO.
The rights issue in
briefConditions: One (1) existing share entitles
to one (1) unit right, where four (4) unit rights entitle to
subscription of one (1) unitUnit: One (1) unit contains five (5) B
shares and three (3) warrants of series TO6 and three (3) warrants
of series TO7Subscription period: May 29 – June 13,
2023Subscription price: SEK 0.90 per unit, corresponding to SEK
0.18 per shareIssue volume: Approximately SEK 75.4 million
You can read more about the rights issue here: link.
AdvisersMangold Fondkommission AB is the
financial advisor to Terranet in connection with the Rights Issue.
Eversheds Sutherland Advokatbyrå AB is the legal advisor to the
Company in connection with the Rights Issue.
For more information, please
contact:Magnus Andersson CEO Email:
magnus.andersson@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban
traffic.
We develop breakthrough tech solutions for Advanced Driver
Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect
vulnerable road users.
With a unique patented vision technology, Terranet’s
anti-collision system BlincVision laser scans and detects road
objects up to ten times faster and with higher accuracy than any
other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the heart of the
European automotive industry in Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since
2017(Nasdaq: TERRNT-B).
Follow our journey at www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB.
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 Terranet in any jurisdiction, neither from
Terranet 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.
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