24h Technologies is supplied 3 million through a directed issue at a price of SEK 0.025 and 2.4 m in an offset issue at a price of 0.03 €SEK. The issue price is based on the average price for the latest month for trading shares in the company amounted to 0.027 SEK.
The two emissions have been decided by the board following authorization from the AGM. Overall it will give the company 5,397,000 SEK. Through the private placement, the number of shares of will increase with 199 900 000 to a total of 348 049 206, of which the newly issued shares represent more than 57 percent of the total shares in 24h Technologies after the issue is completed.
The share capital will increase by SEK 4,997,500. The private placement is implemented mainly to strengthen the company’s liquidity and are marked by some 10 stakeholders. These include the company’s CEO Jonas Litborn and steering member Magnus Kniving as through companies together account for almost 40% of the total issue. Their marking is subject to approval at an extraordinary shareholders meeting which will be called to shortly.
Semiannual Report 2012 (swedish)