Intellego’s Managing Director, Asia Pacific David Chen exercises warrants and Intellego receives approximately SEK 2.2 million
Intellego Technologies AB (publ) (“Intellego” or the “Company”) today announces the outcome of the exercise of warrants of series TO 2021/2024C (the “Warrants”), which were issued during 2021, by resolution of the Extraordinary General Meeting held on 23 December 2021. 87,000 Warrants have been exercised by Intellego’s Managing Director, Asia Pacific David Chen for the subscription of 87,000 shares. The subscription price per exercised Warrant amounted to SEK 25.12. Through the exercise of the Warrants, Intellego receives approximately SEK 2.2 million before issuing costs.
Background
At the Extraordinary General Meeting in Intellego held on 23 December 2021 it was resolved on a directed issue of a total of 102,000 warrants of series TO 2021/2024C, of which 87,000 were allocated to the Company’s Managing Director, Asia Pacific David Chen. Each Warrant gave the holder right to subscribe for one share in the Company during the period from and including 1 December 2024 up to and including 15 December 2024. The subscription price for the Warrants amounted to SEK 25.12 per exercised Warrant.
Intellego’s Managing Director, Asia Pacific David Chen have exercised 87,000 Warrants, corresponding to approximately 85 percent of the issued Warrants, for the subscription of 87,000 shares at a subscription price amounting to SEK 25.12 per exercised Warrant. Through the exercise of the Warrants Intellego receives approximately SEK 2.2 million before issuing costs.
Number of shares, share capital and dilution
Through the exercise of the Warrants the number of shares in Intellego increases by a total of 87,000 shares, from 29,317,476 shares to 29,404,476 shares and the share capital increases by approximately SEK 3,107.14, from approximately SEK 1,047,052.73 to approximately SEK 1,050,159.87. The exercise of the Warrants entails a dilution of approximately 0.3 percent of the total number of shares and votes.