The last day of trading with the warrants of series TO2 in MTI Investment SE is today, May 21, 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, NEW ZEALAND, HONG KONG, JAPAN, RUSSIA, 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.
Today, May 21, 2024, is the last day of trading with the warrants of series TO2 in MTI Investment SE ("MTI Investment" or "the Company"). The subscription period for the warrants of series TO2 runs up until May 24, 2024. Each warrant of series TO2 entitles the holder the right to subscribe for one (1) new share in MTI Investment at a subscription price of SEK 1.14 per share.
If all warrants of series TO2 are exercised, the Company will receive approximately SEK 3.6 million before issuing costs. For the warrants to not expire without value, the holder must actively subscribe for shares, by exercising the warrants, no later than May 24, 2024, or sell the warrants no later than May 21, 2024. Please observe that certain nominees might close their application earlier than May 24, 2024.
Summarized terms for the warrants of series TO2:
Subscription period: May 10, 2024 - May 24, 2024.
Issue size: 3,149,880 warrants of series TO2, which entitles a subscription of 3,149,880 shares. If all warrants are exercised, the Company will receive approximately SEK 3.6 million before issuing costs.
Exercise price: SEK 1.14 per share.
Last day for trading with warrants of series TO2: May 21, 2024.
Share capital and dilution: If all warrants are exercised the share capital will increase by EUR 62,997.60, from EUR 236,415.56 to EUR 299,413.16. If all warrants are exercised the number of shares will increase with 3,149,880 shares, from 11,820,778 shares to 14,970,658 shares. In the event that all warrants of series TO2 are exercised, the dilution amounts to approximately 21 percent of the number of shares and votes in the Company.
Please note that warrants that are not exercised by May 24, 2024, or sold by May 21, 2024, will expire without value. For warrants not to lose their value, the holder must actively exercise its warrants for subscription of new shares or sell the warrants.
How warrants are exercised:
Nominee-registered warrants (Custody account)
Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.
Direct-registered warrants (Securities account)
No accounts for issuing/issue statement nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.
The warrants will thereafter be replaced by interim shares pending registration with the Swedish Companies Registration Office.
The application form including instructions for payment will be available at MTI Investment's website, www.mti-investment.com, and on Mangold Fondkommission AB's website, www.mangold.se.
Advisers
Mangold Fondkommission AB is the financial adviser and Qap Legal Advisors AB is the legal advisor to MTI Investment in connection with the exercise of the warrants of series TO2.
For questions regarding the warrants, please contact:
Mangold Fondkommission AB
Tel: +46 8 5030 1595
E-mail: [email protected]
For further information about MTI Investment, please contact:
Pontus Engström, CEO, MTI Investment SE
Tel: +46 70 716 55 38
E-mail: [email protected]
About MTI Investment
MTI operates at the intersection of venture capital and impact investing. Our goal is to become a leading investment company active in one of the foremost growth markets in the world, East Africa. With a diversified team rooted in both the Nordic region and East Africa, we have forged a unique position with capital and expertise from the Nordics, and a strong network and trust capital from local entrepreneurs in Africa. Founded in the Nordic financial industry, backed by capital-rich and experienced investors, as well as foundations owned by industrial families, MTI Investment brings significant competitive advantages to portfolio companies, sustainable transformation in the region, and high returns to our investors.
The MTI Investment share (MTI) is traded on the Nasdaq First North Growth Market.
Certified Adviser to MTI Investment is Mangold Fondkommission AB.
Read more on: www.mti-investment.com
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 MTI Investment in any jurisdiction, neither from MTI Investment 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, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, 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.
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 and has not been approved by any regulatory authority in any jurisdiction. An EU Growth Prospectus was prepared by the Company in connection with the rights issue in which warrants of series TO2 were issued. The EU Growth Prospectus is available, inter alia, on the Company's website.
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