The extraordinary general meeting (EGM) of Modelon AB (publ) was held on 7 June 2024 in Lund. Complete information and documents regarding the EGM's resolutions are available on the company's website, www.modelon.com. All resolutions passed by the EGM are in accordance with the proposals presented in the notification of the EGM.
Approval of the board of director's resolution to issue new shares of series B with pre-emption rights for the company's shareholders
The EGM resolved, in accordance with the board of directors' proposal, to approve the resolution by the board of directors on 21 May 2024 to issue up to 5,508,235 new shares of series B with pre-emption rights for the company's shareholders.
The record date for participation in the rights issue is 17 June 2024. The last day for trading, including the right to participate, will be 13 June 2024. Subscriptions shall take place during the period from 19 June to and including 3 July 2024. The subscription price will be SEK 9.10 per share.
The company has received subscription undertakings corresponding to approximately 90.3 percent of the rights issue.
The proceeds from the rights issue are primarily intended to be used to finance efficiencies, strengthen the sales department and continued product development.
Authorisation for the board of directors to resolve on issue of new shares of series B
The EGM resolved, in accordance with the board of director's proposal, to authorize the board of directors to, with or without deviation from shareholders' preferential rights and on one or several occasions during the period until the next AGM, resolve to increase the company's share capital by issuing not more than 1,098,901 new shares of series B. The authorization shall be used to enable the company to issue additional shares to investors in the event of a potential oversubscription in the rights issue.
Lund, June 7, 2024
Board of Directors
Modelon AB (publ)
For further information, please contact:
Christer Ljungberg, Chairman
Cell phone: +46-70-811 0909
christer.ljungberg@modelon.com
Investor Relations: ir@modelon.com
About Modelon
Modelon offers systems modeling and simulation software that accelerates product innovation, development and operations in a range of industries. Modelon's flagship product, Modelon Impact, is a cloud-native system simulation software platform featuring a collaborative browser-based interface and thousands of proven models and components spanning a broad range of applications. Headquartered in Lund, Sweden, and with global reach, Modelon is an expert industry leader in model-based systems engineering with a focus on leveraging open standard technologies.
Modelon AB is listed on Nasdaq First North Growth Market with ticker symbol MODEL B. Redeye AB is appointed the Company's Certified Adviser.
