Tomorrow, Wednesday 18 November 2015, the exercise period begins for the Series TO 1 and TO 2 subscription warrants. The exercise period runs until and including 9 December 2015. Holders of subscription warrants for Series TO 1 and TO 2 are entitled, for each warrant, to subscribe for one new share in GWS at a price of SEK 10,66 per share. On full exercise of all subscription warrants, the company will raise approximately SEK 39,9 million before issuance costs.
Some words from GWS' CEO Andreas Rodman:
"Since our initial public offering, we have achieved many goals that we set ourselves. Not least, we have signed agreements with major global players and thereby successfully begun our international expansion according to plan. Our sights are firmly set on large international partners with large customer bases, which will require decisive action from GWS. Based on customer and partner feedback we will also continue according to plan to expand our leadership in technology and service content that is important for our growth in the different segments. To summarize, our focus is now on continuing our strategic sales effort in the insurance, personal security, telecom operator and travel booking segments, maximising output from the agreements that we have and further developing our technology and service content so as to stay ahead of competition. We will consolidate our position and establish ourselves as the global leader in mobile-based personal and travel safety solutions."
Summary of the terms for Series TO 1 and TO 2 subscription warrants
- Exercise period/Subscription period: 18 November - 9 December 2015.
- Subscription price: SEK 10,66.
- The last day of trading of subscription warrants: 7 December 2015.
- Number of outstanding shares of GWS: 10,564,114 shares.
- Exchange traded on: Nasdaq First North in Stockholm.
- Valuation: Approximately SEK 112,6 million (pre-money).
- Issuance volume: There are 2,780,000 subscription warrants in series TO 1 and 960,374 subscription warrants in series TO 2*. Holders of the above subscription warrants are entitled, for each warrant, to subscribe for one new share in the company at a price of SEK 10,66 per share. On full exercise of all subscription warrants, GWS will raise approximately SEK 39,9 million before issuance costs.
* All subscription warrants in series TO 2 have been inscribed to Emirates Advanced Investment Trading LLC and are exercised on the same terms as subscription warrants in series TO 1. Note that there is no trading in subscription warrants in series TO 2.
Complete conditions for series TO 1 and TO 2 subscription warrants, teaser and application form will be available on the GWS website ( www.globalwarningsystem.com ) when the exercise period begins. Information is also available on the following link: http://www.sedermera.se/aktuella-emissioner/gws/
Important dates for the subscription warrants
- Exercise period begins: 18 November 2015.
- The last day of trading of subscription warrants: 7 December 2015.
- Exercise period ends: 9 December 2015.
- Payment: Simultaneous cash payment no later than 15:00 on 9 December 2015.
- Planned communication of outcomes: Week 51 2015.
- Intended conversion of the interim shares to full shares: Week 53 2015.
Here's how to exercise your Series TO 1 and TO 2 subscription warrants
Do you have your subscription warrants in a depository account, an investment savings account, or an endowment account (nominee registered warrants)? In the event that the holder of the option has his options in a depository account, in an investment savings account or an endowment account (nominee registered ownership), subscription/payment is to be made to the respective trustee/custodian who will be instructing about further instructions concerning how to proceed in order to exercise one's warrants. During the warrant's subscription period, the possibility will be provided to convert the subscription warrants into equity shares during the period from 18 November to 9 December 2015. For more information and further instructions regarding how to proceed in order to exercise your subscription warrants, please contact your trustee/custodian in advance. Note that the bank or trustee/custodian needs your notification of exercise of TO 1 or TO 2 in good time before subscription ends, often several days before. A folder containing a summary of the terms of the subscription warrants will be sent out to all those who have their holdings nominee registered.
Do you have your subscription warrants in a securities depository account (directly registered warrants)? No issuing statement will be sent out. However, an application form will be sent out and a folder containing a summary of the terms of the Series TO 1 and TO 2 subscription warrants. The application form will also be available on the websites of Sedermera Fondkommission and GWS (www.sedermera.se and www.globalwarningsystem.com ). In connection with the application form that is submitted to Sedermera Fondkommission, payment must be made in accordance with the payment instructions on the application form. During the subscription period, the possibility is provided to convert the subscription warrants into equity shares during the period from 18 November to 9 December 2015 inclusive, provided that the subscription form and payment have been received by Sedermera Fondkommission no later than the date stated on the application form. Once both the subscription and payment have been registered with Sedermera Fondkommission, the subscription warrants will be replaced with interim shares in anticipation of registration with the Swedish Registration Office/Bolagsverket. The interim shares will then be replaced with shares.
It is important to note that the subscription warrants that are not sold on or before 7 December 2015, or alternatively exercised by 9 December 2015, expire. In order for your subscription warrants not to expire, it requires that the holder actively subscribe for shares, or alternatively sells their subscription warrants.
If you have any questions regarding the subscription warrants, please contact: Sedermera Fondkommission Telephone: +46 (0) 431-47 17 00 E-mail: info@sedermera.se
For further information about GWS, please contact: Andreas Rodman, CEO Telephone: +46 (0) 708 - 10 13 16 E-mail: andreas.rodman@globalwarningsystem.com
About GWS Production AB and Safeture GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a mobile device based, personal security service Safeture, in order to protect the traveller via by real-time tracking and providing valuable real-time information about disasters and other threats that could impact on the traveller. The system consists of a range of services that are delivered via the traveller's mobile phone and is provided to both businesses - SafeturePro, and to private individuals - Safeture.
The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Adviser.
For further information about the service, see www.safeture.com
This is an English version of Press Release communicated by GWS Production AB. In any case of doubt or possible differences regarding the different versions it is the Swedish version that shall apply.
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