Today, May 22, 2024, is the last day of trading in Series TO2 warrants in Tellusgruppen
Published: May 22, 2024
IR - Regulatory
Today, May 22, 2024, is the last day of trading in Series TO2 warrants in Tellusgruppen AB (publ) (“Tellusgruppen” or “the Company”). The subscription period for the Series TO2 warrants runs through May 27, 2024. Each Series TO2 warrant entitles the holder to subscribe for one (1) new share in Tellusgruppen. The subscription price for the Series TO2 warrants is SEK 6.0 per share.
If all Series TO2 warrants are exercised, the Company will receive approximately SEK 8.6 million before issuance costs. To prevent the warrants from expiring worthless, the holder must actively subscribe for shares no later than May 27, 2024, or sell the warrants no later than today, May 22. Please note that certain custodians may close their registration earlier than May 27, 2024.
The full terms and conditions for the warrants are available on the Company’s website, www.tellusgruppen.se.
Summary Terms and Conditions for Series TO2 Warrants:
Subscription Period: May 13, 2024 – May 27, 2024
Issue Volume: 1,427,594 Series TO2 warrants entitle the holder to subscribe for 1,427,594 shares. Upon full exercise, the Company will raise approximately 8.6 MSEK before issuance costs.
Subscription price: 6.0 SEK per share
Last day of trading in Series TO warrants: May 22, 2024
Share Capital and Dilution: If fully exercised, the share capital will increase by approximately 71,151.30 SEK, from approximately 731,572.85 SEK to approximately 802,724.15 SEK. Upon full exercise, the number of shares will increase by 1,472,594 shares, from 14,678,424 shares to 16,106,018 shares. The dilution upon full exercise amounts to approximately 8.86 percent of the total number of shares.
Please note that warrants that are not exercised by May 27, 2024, or sold by May 22, 2024, will expire worthless. To prevent the warrants from expiring, you must either actively exercise them to subscribe for shares or sell the warrants.
How the warrants are exercised:
Custodian-registered warrants (custodial account):
Subscription and payment through the exercise of the subscription option must be made in accordance with the instructions provided by the respective fund manager. Please contact your fund manager for further information.
Directly Registered Warrants (VP Account):
No offering statement or payment instructions will be sent out. Subscription must be made through simultaneous cash payment in accordance with the instructions on the subscription form. The warrants will then be replaced with interim shares pending registration with the Swedish Companies Registration Office.
A registration form with payment instructions is available on the Company's website at www.tellusgruppen.se.
Advisor
Mangold Fondkommission AB is serving as financial advisor, and Hellström Advokatbyrå KB is serving as legal counsel in connection with the Offering. Mangold Fondkommission AB is the underwriter for the Offering.
For more information
Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.se
+46 707 167 453
Certified Adviser
Mangold Fondkommission AB is serving as financial advisor, and Hellström Advokatbyrå KB is serving as legal counsel in connection with the Offering. Mangold Fondkommission AB is the underwriter for the Offering.
About Tellusgruppen AB (publ)
Tellusgruppen is a long-term owner of well-managed companies in the education and child care sectors. The Group currently operates 28 preschools and seven elementary schools, and also provides child care and educational services.
Tellusgruppen was founded in 2012 as the parent company of Tellusbarn (Tellusbarn was founded in 2007) and as a platform for future expansion in the education and child care sectors.
Tellusgruppen's Our business concept is to establish, operate, and develop profitable and growing subsidiaries that offer high-quality, innovative, and in-demand services in their respective fields.