Dustin Group AB (via Public) / Dustin s rights issue fully subscribed
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The acquisition is connected to the offer to repurchase warrants: https://www.mynewsdesk.com/dustin/news/offer-to-repurchase-warrants-for-settlement-of-lti2018-425387
For further information, please contact:
Eva Ernfors, Head of Communication: eva.ernfors@dustin.se, +46 70 258 62 94
About Dustin
Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.
We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2019/20 amounted to approximately SEK 13.2 billion and just over 90 per cent of the revenues came from the corporate market.
The Board of Dustin has resolved to offer the holders of warrants of series 2018/2021 to repurchase their warrants. The offer only concerns the settlement of the warrants and does not entail any changes to the terms of the warrants or the plan.
The Annual General Meeting 2016/2017 resolved to adopt a long-term warrant plan for the executive management and certain key employees (LTI2018). In total, 866,713 warrants were issued in one series that can be exercised to subscribe for new shares during the period January 31 – June 30, 2021. As of today, the number of outstanding warrants in the program amounts to 858,152.
The Board has resolved that the company shall make an offer to repurchase all outstanding warrants of series 2018/2021, at market terms (corresponding to Dustin’s share price calculated as the volume-weighted average price five trading days prior to the date of notification of repurchase, with deduction of the warrant’s subscription price) starting on 21 April 2021