GET Group AB (publ) COMPLETED THE 2 TRANCHE OF SEK100 MILLION OF EQUITY FINANCING WITH LDA CAPITAL WITH A DIRECT ISSUE OF APPROXIMATELY SEK 2.57 MILLION

The board of administrators of GET AB Group (publ) (“Groupe GET” or “the Firm”) determined as we speak, in accordance with the authorization of the annual normal assembly held on June 30, 2021, on a problem of managed shares of as much as 24,000,000 shares to LDA Capital Limitée (“Capital LDA“) on the subscription value of SEK 0.107 per share (the “managed share problem”), elevating proceeds of roughly 2.57 million Swedish kronor earlier than transaction charges. The subscription value is in accordance with 100 million Swedish kronor fairness financing settlement concluded with Capital LDA which was revealed in a press launch on November 1, 2021.

The board of administrators of GET Group determined as we speak, in accordance with the authorization of the annual normal assembly held on June 30, 2021, on a managed problem of 24,000,000 shares at most, leading to a rise within the share capital of at most 1 237 105 997010 SEK. The entire subscription value shall be 2,570,400 SEK, comparable to roughly SEK 0.107 per share. The problem of managed shares leads to a dilution of roughly 2.47% of the share capital in comparison with the variety of shares of the Firm after the problem of managed shares, by means of a rise within the variety of excellent shares of 24,000,000 from 946,660,397 to 970,660,397 and a share capital elevated by 1 237 105 997010 SEK from SEK 48,796,635.594151 at 50,033,741.591161 SEK.

The subscription value is in accordance with the financing settlement concluded with Capital LDA to October 31, 2021. The settlement was negotiated at arm’s size between the events and the Board of Administrators considers the subscription value to be in step with market situations.

The precise to subscribe to the brand new shares won’t be, apart from derogation from the preferential subscription proper of the shareholders, Capital LDA. The rationale for the waiver of the shareholders’ pre-emptive rights is to permit a capital improve to make sure a rise in working capital within the quickest and most worthwhile method as a way to promote the growth of the Firm.

For extra details about the Firm, please contact:Lars Christian Beitnes, CEO
Phone: +46 707 70 54 30
Electronic mail: [email protected]
www.getgroup.se

That is info that GET AB Group (publ) is required to make public in accordance with the EU Market Abuse Regulation. The knowledge has been submitted for publication, by means of the contact individuals indicated above, on January 10, 2022 at 10 p.m. CET.

On GET Group
GET AB Group (publ) is an funding firm centered on power and sustainable improvement. We’re creating the world’s most compelling listed ESG firm, proudly owning and funding distinctive know-how corporations which are dedicated to energy era and power conservation. GET AB Group (revealed), c / o Mcon AB, Södra Larmgatan 4, SE-411 16 Göteborg. For extra info: www.getgroup.se | www.rock.power | www.lightcircle.io

https://information.cision.com/get-group-ab/r/get-group-ab–publ–has-completed-the-2-nd–tranche-of-the-sek-100-million -funding-equity-with-lda, c3483851

https://mb.cision.com/Major/15625/3483851/1518745.pdf

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