Wyld News19 Sep 2023 07:45
Last day of trading in unit rights in Wyld Networks
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, BELARUS, RUSSIA 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, September 19, 2023, is the last day of trading in unit rights issued in connection with Wyld Networks AB's ("Wyld Networks" or "the Company") rights issue of free-of-charge units, which was announced on August 29, 2023 (the "Rights Issue").
On September 19, 2023, is the final day of trading for unit rights that were allocated to Wyld Networks shareholders on the record date for the Rights Issue, which was September 6, 2023. Unit rights that are not sold and not utilized for subscription will expire worthless.
Summary of the Rights Issue:
Subscription period: September 8, 2023 – September 22, 2023.
Trading of unit rights: September 8, 2023 – September 19, 2023.
Preferential Rights: For each held share, on the record date of September 6, 2023, the holder received one (1) unit right. Eight (8) unit rights entitle the holder to subscribe for one (1) unit.
Unit: One (1) warrant of series TO4 and one (1) warrant of series TO5.
Subscription price: Subscription of units is done without payment. Therefore, the subscription price amounts to 0.00 SEK, and no payment is required for subscribed units. There are no brokerage fees.
Offer proceeds: The warrants of series TO4 that are issued in the Rights Issue can provide the Company with a maximum of approximately 27.7 million SEK before issuance costs, depending on the subscription price. The warrants of series TO5 that are issued in the Rights Issue can provide the Company with a maximum of approximately 32.3 million SEK before issuance costs, depending on the subscription price. With full subscription in the Rights Issue and full utilization of the warrants of series TO4 and TO5, the Company can thus be provided with a maximum of approximately 59.9 million SEK before issuance costs.
Prospectus
A prospectus regarding the Rights Issue is kept available at the Company's website, www.wyldnetworks.com.
Advisers
Mangold Fondkommission AB is financial adviser and Advokatfirman Schjødt is legal advisor to Wyld Networks in connection with the Rights Issue.
For further information, please contact:
Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689