Condo Nordic Holding AB (publ) ("the Company") announces that the Extraordinary General Meeting held today has resolved, based on the authorisation granted by the Annual General Meeting on 10 June 2024, to carry out a directed issue of up to 1,834,746 units.
Extraordinary General Meeting in Condo Nordic Holding AB (publ) Resolved on a Directed Issue of Units
Condo Nordic Holding AB (publ) ("the Company") announces that the Extraordinary General Meeting held today has resolved, based on the authorisation granted by the Annual General Meeting on 10 June 2024, to carry out a directed issue of up to 1,834,746 units.
Each unit consists of three (3) new shares and two (2) warrants of series TO 1, meaning the issue comprises a maximum of 5,504,238 shares and 3,669,492 warrants TO 1.
The subscription price has been set at SEK 1.20 per unit, corresponding to SEK 0.40 per share. The price represents a discount of approximately 36 percent compared to the closing price on Spotlight Stock Market on 29 April 2025, and approximately 43 percent compared to the volume-weighted average price over the past 30 trading days.
The warrants of series TO 1 are issued free of charge.
Reason for the Deviation from the Shareholders' Preferential Rights
The right to subscribe for units is granted to a limited number of strategic investors and members of the Company's board and management, including Markku Jussila, Ville Valorinta, Elisa Saarinen, and Anton Sikström. The deviation from the shareholders' preferential rights enables a swift and cost-effective capital raise and broadens the ownership base with long-term, strategically valuable investors. The directed issue is expected to strengthen the Company's financial position and support its planned growth initiatives.
Terms of the Warrants TO 1
Each one (1) warrant TO 1 entitles the holder to subscribe for one (1) new share at a subscription price of 70 percent of the volume-weighted average price during the period 28 October - 11 November 2025, but not exceeding SEK 0.75 per share, and not less than the share's quota value. The subscription period for the warrants is 13 November - 27 November 2025.
Additional Information
The Company's CEO has been authorised to make minor formal adjustments to the resolution as may be required in connection with its registration with the Swedish Companies Registration Office and Euroclear Sweden.
For further information, please contact:
Markku Jussila, Chairman of the Board
Phone: +358 40 532 2212
Email: markku@condoholding.com
Website: www.condoholding.com