In connection with the recently completed fully guaranteed rights issue, Enersize Oyj ("Enersize" or the "Company") entered into guarantee agreements with a number of qualified investors. Two of the guarantors have now chosen to receive the guarantee compensation in the form of newly issued shares. The Board has, with the support of the authorization from the Extraordinary General Meeting on November 5, 2021, decided on a directed issue of a total of 4,999,999 shares in the Company, and the subscription price has been set at SEK 0.12.
As previously communicated via a press release on October 12, 2021, the Company has previously entered into a guarantee agreement with investors in the direct issue which was carried out in connection with the recently completed rights issue. In accordance with the guarantee agreements entered into, the guarantors had the opportunity to choose to receive guarantee compensation, which amounted to 10 percent of the guarantee amount, in the form of cash compensation or newly issued shares in the Company. Two guarantors have chosen to receive the guarantee compensation in the form of newly issued shares. Due to this, the Board has decided, with the support of authorization from the Extraordinary General Meeting on 5 November 2021, on a directed issue of a total of 4,999,999 shares in the Company to fulfill the Company's obligations to the guarantors in accordance with guarantee agreements entered into. The subscription price has been set by the Board at SEK 0.12 per share, which corresponds to the price of the recently completed issues, and where the current market situation has been taken into account. The share subscription price will be set off against the amount of the guarantee fee.
As communicated via a press release on December 3, 2021, the number of shares in the Company increased by 233,773,852 shares to a total of 467,547,705 shares after the rights issue and private placement were completed. Through the now decided private placement to guarantors, the number of shares in the Company increases to 472,547,704 shares, which corresponds to a dilution of approximately 1 percent.