The Board of Directors of Sivers IMA Holding AB (“Sivers IMA” or “the Company”) has today, based on the authorisation resolved by the Annual General Meeting held on 19 May 2020, resolved on a set-off share issue of 555,262 shares (corresponding to approximately 0.39 percent of the number of outstanding shares and votes in the Company after dilution). The subscription price amounts to SEK 22.80 per share, corresponding to approximately 92,5 percent of the volume-weighted price paid for the Company’s share on Nasdaq First North Growth Market during the period from 10 August 2020 to 12 August 2020.
All shares have been subscribed and paid for through set-off of loans to the Company in the total amount of SEK 12,659,974. Taking into account the set-off issue of 779,696 shares, announced by the Company 28 July 2020, the set-off issue announced today means that the Company has settled all loan amounts in connection with the working capital facility of SEK 20 million entered into by the Company in 2019. The subscription price has been determined through negotiations between the Company and the lenders. The shares have been subscribed for by Gerhard Dahl and Formue Nord Markedsneutral A/S.
For further information, please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North Growth .
Tel: +46 8 463 80 00
This is information that Sivers IMA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:00 am CET on Aug 13, 2020.
Sivers IMA Holding AB is a leading and internationally recognized technology company that, through its two business areas Wireless and Photonics, supplies chips and integrated modules. Wireless develops RF chips and antennas for advanced 5G systems for data and telecommunications networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq First North Growth Market Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: https://siversima.com