At the Extraordinary General Meeting of Enersize Oyj (“Enersize” or the “Company”) on 5 November 2021, the following resolutions were made. All resolutions were in accordance with the submitted proposals, which are described in detail in the documents of the Extraordinary General Meeting, kept available on the Company’s website, https://enersize.com.
The Extraordinary General Meeting resolved on:
- A pre-emptive rights issue of no more than 116,886,926 new shares (the “Rights Issue”). The Company will allot one (1) subscription right for every (1) share to all shareholders registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy or Euroclear Sweden AB on the record date for the issue on 9 November 2021. Two (2) subscription rights entitle to subscription of one (1) new share in the Company. No fractions of shares will be issued, and it will not be possible to partially exercise a single subscription right. Any subscription rights remaining unexercised at the end of the subscription period will expire without any compensation. The subscription period in the Rights Issue runs from and including 12 November 2021 until and including 25 November 2021 in Sweden and 29 November 2021 in Finland, at a subscription price of SEK 0.12 or EUR 0.012 per share. In the event that the shares are oversubscribed, the Board of Directors may resolve to use an over-allotment option and issue a maximum of 11,688,692 additional shares.
- A directed shares issue of no more than 116,886,926 new shares (the “Directed Issue”). The shares are offered for subscription, by deviation from the shareholders’ pre-emptive rights, pro-rata to the following qualified investors: John Fällström, Gerhard Dal, Råsunda Förvaltning AB, Modelio Equity AB, J.O. Möllerström Brothers Operation AB, Torsion Invest AB, Hajelo AB, Mikael Blihagen, Ironblock AB and Staffansgården i Trää AB. Subscription of shares shall be made no later than 29 November 2021, at a subscription price of SEK 0.12 or EUR 0.012 per share and the payment shall be made no later than 6 December 2021. The subscription price has been determined through negotiations with a number of investors and on such terms that the Board of Directors deems the issue can be carried out, adapted to the prevailing market situation. Shares issued in connection with the Directed Issue do not entitle the holder to participate in the Rights Issue.
- Authorization for the Board of Directors to resolve on a directed issue to the investors who are entitled to subscribe in the Directed Issue, as compensation for their underwriting commitments, if to be paid in shares. Such shares shall be issued at market price as determined by the Board of Directors.