The subscription period in BoMill’s rights issue begins today
Today, April 19, 2023, the subscription period commences in BoMill’s rights issue of a maximum of 46 529 070 shares with a subscription price of SEK 0.47 per share resolved by the Extraordinary General Meeting of BoMill on April 6, 2023.
BoMill may receive up to SEK 21.9 million from the Rights Issue before issue costs. The subscription period runs from today and up until and including May 3, 2023. The proceeds from the Rights Issue are primarily intended to finance sales and marketing activities in scaling up the commercialization of BoMill InSight (about 60%), continued product development (around 20%) and other operating costs (about 20%).
Shareholders receive one (1) subscription right for each share registered on the record date April 13, 2023 on the shareholders. One (1) subscription right entitles to subscribe with preferential right one (1) new share in the Company. Subscription of shares are to take place during the subscription period in accordance with the Prospectus. Before the rights issue the number of shares amounts to 46 529 070 shares. Existing shareholders who choose not to use their subscription rights to subscribe for new shares will be subject to a dilution effect corresponding to 50 percent of the votes and capital in the Company, upon full subscription. Subscription rights that are not exercised during the subscription period become invalid and lose their value. Subscription rights that are not intended to be used shall be sold at the latest on April 27, 2023 to not expire without value.
Nordic Issuing AB acts as the issuer agent in connection with the Rights Issue.
Read the whole announcement here: https://www.bomill.com/press-and-media/2023/the-subscription-period-in-bomills-rights-issue-begins-today/
Disclaimer: HC Andersen Capital receives payment from BoMill for a DigitalIR/Corporate Visibility agreement. /Claus Thestrup kl. 15.27 d. 19/04-2023
BoMill
BoMill är verksamt inom jordbruksindustrin. Bolaget är specialiserat inom analys och uppföljning av diverse spannmålsprodukter. Den egenutvecklade teknologin används inom branschen för att exempelvis identifiera, reducera samt eliminera skadliga partiklar och bioorganiska ämnen, samt säkerställa sortering och rätt proteininnehåll. Exempel på spannmål som kontrolleras inkluderar durumvete, havre och korn. Störst verksamhet återfinns inom den nordiska marknaden.
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