Zinzino AB Expands Share Capital through Set-Off Transactions
Zinzino AB Expands Share Capital
In a move reflecting its strategic growth, Zinzino AB has officially announced a series of share subscriptions resulting from directed set-off issues. This important decision, made by the company's Board of Directors, is aimed at bolstering its financial structure through the issuance of new B shares.
Details of the New Share Issuance
Based on the registered issue authorization from a recent Annual General Meeting, Zinzino has resolved to issue a total of 147,000 new Zinzino B shares. The payment for these shares comes via set-off against claims held by Xelliss Luxembourg SA, Xelliss North America, and Prolex Technologies SA. This transaction is significant as it is associated with the acquisition of Xelliss group's assets.
Additional Share Issuance
Furthermore, as part of the resolutions passed at the Annual General Meeting, an additional 110,270 new Zinzino B shares were issued. This issuance also involved payment by way of set-off against claims related to Enhanzz AG, linked to the acquisitions of Enhanzz Global AG and Enhanzz IP AG in the past year.
Impact on Share Capital and Shareholder Dilution
With these transactions, the total number of B shares in Zinzino has increased by 257,270, bringing the overall number of shares outstanding to 29,451,599. Post-issue, the company's total share count escalates to a remarkable 34,564,991. This specific issuance results in a dilution of approximately 0.7 percent, calculated against the total shares following the completion of these directed issues.
Financial Growth through Share Capital Increase
The increase in Zinzino's share capital is noteworthy, rising by SEK 25,727 to a new total of SEK 3,456,499.10. Such augmentations in capital signify the company's continuous efforts to enhance its financial standing and support its growth strategy.
Contact Information for Investors
For further inquiries regarding these developments, interested parties can reach out to Dag Bergheim Pettersen, the CEO of Zinzino. He can be contacted at +47 (0) 932 25 700. The company’s official website offers additional resources and updates on their strategic initiatives.
Role of Certified Advisors
Carnegie Investment Bank AB (publ) serves as the certified adviser for Zinzino, ensuring that the company adheres to regulatory requirements and provides transparent information to its stakeholders.
Frequently Asked Questions
What prompted Zinzino AB to issue new shares?
Zinzino AB issued new shares to strengthen its financial structure through directed set-off issues, aiding in its growth strategy.
How many new shares were issued by Zinzino?
A total of 257,270 new B shares were issued, increasing the overall share count to 34,564,991.
What is the dilution percentage following the share issuance?
The dilution amounts to approximately 0.7 percent after the completion of the directed issues.
Who can I contact for more information about Zinzino's shares?
Dag Bergheim Pettersen, Zinzino's CEO, can be contacted for further information.
What is Zinzino's approach to growth and investment?
Zinzino is focused on strategic acquisitions and share capital increases to support its ongoing growth and market expansion.
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