Fasadgruppen resolves on a set-off issue to the sellers of Clear Line
The board of directors of Fasadgruppen Group AB (publ) (“Fasadgruppen”) has, in accordance with the press release published on 29 October 2024 and based on the authorisation from the annual general meeting on 15 May 2024, resolved on a set-off issue of a total of 4,208,283 shares to the sellers of Clear Line Holdings Ltd (“Clear Line”).
On 29 October 2024, Fasadgruppen announced that it had acquired Clear Line. Part of the purchase price consisted of loan notes of a total amount of MGBP 15.3 that the sellers of Clear Line have agreed to set off against new shares in Fasadgruppen. In order to settle the loan notes, the board of directors of Fasadgruppen has today resolved, based on the authorisation from the annual general meeting on 15 May 2024, on a set-off issue of a total of 4,208,283 shares in Fasadgruppen to the sellers of Clear Line.
The subscription price for the shares that were issued to the sellers of Clear Line, which according to the share purchase agreement was to correspond to the volume-weighted average price for the Fasadgruppen share on Nasdaq Stockholm during the period 30 October-5 November 2024, amounted to SEK 50.58 per share.
Following the set-off issue, the total number of shares and votes in Fasadgruppen amounts to 53,832,113 shares and votes. Fasadgruppen’s share capital increases by SEK 210,414.15 to SEK 2,691,605.65.