Stavanger,
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN
Reference is made to the stock exchange announcement published by
The board has, based on and in accordance with the Authorization, resolved a capital increase through conversion of debt by issuance of 6,162,076 new shares (the "Conversion Shares") in the Company, with a total subscription amount of
* Devity AS; 1,113,333 Conversion Shares at a price of
*
* Colibri Invest AS; 1,248,743 Conversion Shares at a price of
The debt to Devity AS, previously Huddlestock Solutions AS, occurred due to Huddlestock´s obligation of issuing vested incentive shares as set out in stock report of
The debt to
The debt to Colibri Invest AS is a short-term loan granted to Huddlestock now being converted to a conversion price agreed with Colibri Invest AS when such loan was granted.
Completion of the Debt Conversion is subject to registration of the share capital increase pertaining to the Debt Conversion with the
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
John E. Skajem , Chief Executive Officer, Huddlestock Fintech, +47 418 87 412, john.skajem@huddlestock.comLeif Arnold Thomas , Chief Corporate Development, Huddlestock Fintech - Corporate Development, +47 982 15 520, leif.thomas@huddlestock.com
About Huddlestock Fintech AS
Huddlestock Fintech is an innovative technology software provider with a leading expert professional services business. We deliver innovative and sustainable technology solutions to the capital markets, treasury and wealth management industries.
Through its technology offering, Huddlestock offers an innovative, compliant, and data-centric WealthTech SaaS, accelerating the digital transformation, and trends of hyper-personalization and on-demand banking within the wealth management industry. Huddlestock’s SaaS empowers the embedding of low-cost, efficient white-label trading and investment services, underpinning Huddlestock’s mission of delivering financial inclusion by democratizing access to capital markets.
Through its world-class expert professional services business, Huddlestock delivers strategic technology solutions and process automation for the financial services industry. This range of services has propelled Huddlestock into becoming the preferred supplier of financial consultancy services and technology solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext Growth Market
For more information, please visit www.huddlestock.com
Attachments
- Download announcement as PDF.pdf
© NTB Norway, source