N.B. The English text is an unofficial translation.
TERMS AND CONDITIONS OF WARRANTS OF SERIES TO6 TO SUBSCRIBE FOR NEW SHARES IN SVENSKA AEROGEL HOLDING AB (PUBL)
The total number of Warrants amounts to the maximum number of Warrants resulting from the issuance decision regarding the Warrants of series TO6 of the Company.
The Warrants shall be registered in the Central Securities Depository Account, therefore no warrants certificate shall be issued. The Warrants shall be registered on behalf of the Holder in the Company’s Central Securities Depository Account. Registrations in respect of Warrants as a result of the measures referred to in §§ 6-8* and 12* below shall be effected by the Bank. Other registration measures relating to the account may be undertaken by the Bank or another account-keeping institution.
Right to subscribe for new Shares
For each warrant, the Holder have the right to subscribe for one (1) new share. Subscription will be at a Subscription Price equal to 70 percent of the volume weighted average price paid for the Company’s shares on the Nasdaq First North Growth Market during the period from and including the 14 April 2023 up to and including 27 April 2023, however the Subscription price shall not be less than the quota value of the shares and not more than 0,22 SEK. Conversion of the Subscription Price as well as of the number of new Shares for which each Warrant entitles to Subscription, may take place in the cases set out in § 8* below.
The Warrants entitles to Subscription during the period from and including 2 May 2023 until and including 16 May 2023 or from and including the earlier date as set out in § 8* below.
Any share premium shall be transferred to the unrestricted premium reserve.
Subscription of Shares
Notification of Subscription of Shares shall be made by submitting a completed notification form in accordance with the established form to the Company or to an account-keeping institution designated by the Company. If the notification of Subscription is not submitted within the period specified under § 3*, all rights under the Warrant shall cease.
More information in the appendix below. Available in English and in Swedish.
* Appendix Terms and conditions of warrants of series TO6 to subscribe for new shares in Svenska Aerogel holding ab (publ)