The board of directors of Obducat AB (publ) ("Obducat" or the "Company") has requested the third convertible loan, amounting to SEK 3,000,000, from the investor European High Growth Opportunities Securitization Fund pertaining to the Blue Ocean Investment Group ("Blue Ocean"), in accordance with the financing solution announced by Obducat through a press release on 27 October 2017.
The convertible bonds are issued at a price corresponding to 95 percent of the nominal value, which means that Obducat is provided with SEK 2,850,000. Conversion may be requested, in full or in part, by the convertible holder during the next twelve months. The conversion price amounts to 95 percent of the lowest closing volume weighted average price of Obducat's ordinary shares of series B during twenty trading days immediately prior to a request for conversion.
The convertible bonds are issued with 1,125,000 warrants attached, that entitle Blue Ocean to subscribe for additional 1,125,000 ordinary shares of series B within 24 months, at a subscription price of SEK 0.8 per share. The warrants are issued free of charge. At full exercise of the warrants, Obducat will be provided with approximately SEK 900,000, corresponding to 30 percent of the nominal amount of the convertible bond.
The board's issue resolutions have been made based on the authorization from the annual shareholders' meeting on 29 May 2017.
This is information that Obducat AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on May 31st, 2018 at 20:00 CET.
For further information, please contact:
Patrik Lundström, Chairman of the Board: +46 (0) 46 10 16 00 or +46 (0) 703 27 37 38
André Bergstrand, acting Managing Director: +46 (0) 46 10 16 00 or +46 (0) 703 27 37 32
About Obducat AB (publ)
Obducat AB (publ) is an innovative developer and supplier of technologies, products and processes used for the production and replication of advanced micro and nano structures. Obducat's products and services serve the demands of companies within the LED, OLED, semiconductor, displays, biomedical and MEMS industries. Obducat's technologies include nano imprint technology, coating technology and wet processing technology. Obducat has offices in Sweden, Germany and China and the headquarter is located in Lund, Sweden. Obducat's class B shares and preferential class B shares are publicly traded on the Swedish NGM Equity stock exchange. Read more at www.obducat.com.