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Hexatronic resolves on new issue in kind for the acquisition of TK-KONTOR-FREITAG GmbH
Hexatronic Group AB (publ)
556168-6360
Press Release March 3, 2021
Hexatronic resolves on new issue in kind for the acquisition of TK-KONTOR-FREITAG GmbH
The Board of Directors of Hexatronic Group AB (publ) (“Hexatronic” or the “Company”) has resolved, pursuant to the authorisation granted by the annual general meeting on 7 May 2020, on an issue in kind of 90,357 ordinary shares in Hexatronic. The resolution has been adopted in accordance with the share purchase agreement which the Company has entered into for the acquisition of 75 percent of the shares in TK-KONTOR-FREITAG GmbH (“TK”), which was previously announced on 1 March 2021. The right to subscribe for the ordinary shares shall, pursuant to the share purchase agreement and the board resolution, only vest with the seller of TK and payment shall be made by the seller contributing in kind 75 percent of the shares in TK.
The subscription price, which amounts to SEK 100.52 per share, corresponds to the average closing price for Hexatronic’s ordinary share on Nasdaq Stockholm during 30 days of trading before 1 March 2021.
Through the new share issue, Hexatronic’s share capital increases by SEK 4,517.85 to SEK 1,905,589.05. The number of shares will after the new issue amount to 38,111,787, of which 37,751,787 are ordinary shares and 360,000 are shares of series C. The number of votes will, after the new issue, amount to 37,787,787.
Gothenburg, March 3, 2021
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
The information was submitted for publication, through the agency of the contact person set out above, at 10.00 CET on 3 March 2021.
Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure with global trademarks like Matrix, Viper, Stingray, Raptor, InOne, Drytech™, Lightmate®, Skyline and Wistom®. The Group has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Denmark, Finland, United Kingdom, Italy, Estonia, Latvia, Lithuania, Germany, China, New Zealand, US and Canada. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.
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