Terranet: Recalculation of warrants of series TO3 B TerraNet Holding AB ( Terranet or the Company ) will, in accordance with the terms for the issued warrants of series TO3 B, perform a recalculation of the terms for the warrants as a consequence of the directed issue of warrants that was made public on April 22, 2021. Recalculation will be applied to both the exercise price for the subscription of shares through exercising warrants and to the number of shares that each warrant entitles the holder of the warrant to subscribe for. Information concerning the recalculation is described in further detail below. Warrants of series TO3 B
(1) As previously communicated, TerraNet Holding AB ( Terranet or the Company ) has allocated one (1) warrant of series TO4 B to the Company s existing shareholders for every thirty-seven (37) shares owned on the record date, May 5, 2021, and one (1) warrant of series TO5 B for every forty-three (43) shares owned on the record date, May 14, 2021. First day of trading with warrants of series TO4 B and series TO5 B on Nasdaq First North Premier Growth Market has been set to May 21, 2021. Information and terms for the warrants Warrants of series TO4 B In total 14,319,634 warrants of series TO4 B have been issued, of which 7,159,817 warrants were issued to the lender Formue Nord Fokus A/S (the
Investegate |Terranet Announcements | Terranet: First day of trading with warrants of series TO4 B and TO5 B in Terranet has been set to May 21, 2021 investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Announcement from TerraNet Holding s annual general meeting Press release, Lund 29 April 2021 Announcement from TerraNet Holding s annual general meeting The annual general meeting of TerraNet Holding AB ( TerraNet or the Company ) was held today on 29 April 2021 and the following resolutions were passed by the meeting. ADOPTION OF THE INCOME STATEMENT AND BALANCE SHEET The annual general meeting resolved to adopt TerraNet s income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet. DISTRIBUTION OF PROFIT The annual general meeting resolved to treat the result in accordance with the proposal of the board of directors in the annual report, meaning that the result is carried forward.
Terranet: Announcement from TerraNet Holding s annual general meeting Announcement from TerraNet Holding s annual general meeting The annual general meeting of TerraNet Holding AB ( TerraNet or the Company ) was held today on 29 April 2021 and the following resolutions were passed by the meeting. ADOPTION OF THE INCOME STATEMENT AND BALANCE SHEET The annual general meeting resolved to adopt TerraNet s income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet. DISTRIBUTION OF PROFIT The annual general meeting resolved to treat the result in accordance with the proposal of the board of directors in the annual report, meaning that the result is carried forward.
(0) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, 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. TerraNet Holding AB ( TerraNet or the Company ) has entered into a loan agreement of SEK 35 million with Formue Nord A/S (the Lender ) to finance the Company s acquisition of 10.84% of holoride as communicated in a separate press release (the Loan ). Further, the Company has, with support from the authorization received from the annual general meeting on May 15, 2020, decided to issue warrants in two series, series TO4 B and series TO5 B. A total of 14,319,634 warrants of series TO4 B and 12,321,546 warrants of series TO5 B will be issued (the Warrants ). The Warrants will be distributed equally between the Lender and the current shareholders of the Company. The record date for current shareholders to receive warrants of series TO4 B and TO5 B free of charge will be communicated through a separate press release as soon as possible.
This information is such that TerraNet Holding AB is required to make public in accordance with the EU s Market Abuse Regulation (MAR). The information was made public by the Company s contact person above on April 22, 2021 at 2 PM CET. About TerraNet TerraNet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, TerraNet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST).
(1) Today, March 12, 2021, is the last day of trading with the warrants of series TO2 B in TerraNet Holding AB ( TerraNet or the Company ). The subscription period for the warrants of series TO2 B runs until March 19, 2021. Each warrant of series TO2 B gives the owner the right to subscribe for one (1) new B-share in the Company. The exercise price for the warrants of series TO2 B is SEK 0.80 per B-share. Please note that trading and exercise of warrants of series TO2 B that are nominee registered must be conducted in accordance with instructions from each respective nominee. Owners of warrants of series TO2 B should contact their nominee for further instructions.
English 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. TerraNet Holding AB (“TerraNet” or the “Company”) completed a rights issue of units during the second quarter of 2020. One (1) unit consisted of two (2) newly issued B shares, one (1) warrant of series TO1 B, one (1) warrants of series TO2 B and one (1) warrant of series TO3 B. Each warrant gives the owner the right to subscribe for one (1) new B share in the Company. The exercise price for the warrants of series TO2 B is to be determined to 70 percent of the volume-weighted average price in the Company’s share on Nasdaq First North Premier Growth Market during the measurement period, from February 22, 2021, to March 5, 2021, however not lower than the quota value of the Company’s share and not higher than SEK 0.80. During the measurement period, the volume-weighted average price in the Company’s share was approximately SEK 2.30, therefore, the exercise price for the warrants of series TO2 B is set to SEK 0.80. The subscription period for warrants of series TO2 B runs from March 8, 2021 up to and including March 19, 2021.
About TerraNet TerraNet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, TerraNet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, [email protected]. 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.