Business
Alcadon Group has decided on a non-cash issue of 733,661 shares as part of the payment for the acquisition of Irish Wood Communications
Alcadon Group has decided on a non-cash issue of 733,661 shares as part of the payment for the acquisition of Irish Wood
About this update from Alcadon Group Ab
As previously announced in a press release on 6 March 2024 , Alcadon Group AB (" Alcadon ") has signed an agreement to acquire Irish Wood Communications Ltd. through the acquisition of all shares in its parent company Lewralos Limited with a scheduled closing date on April 2, 2024 . Part of the purchase price, corresponding to SEK 27,438,921 , is paid through a non-cash issue of shares in Alcadon . On this basis, and in connection with the acquisition of Lewralos Limited , the board of directors has today decided on a non-cash issue of 733,661 shares in Alcadon to the sellers Keith Mahony and Derek Finlay (the "Sellers") at a subscription price of SEK 37.40 per share. In accordance with the share purchase agreement between Alcadon and the Sellers, the subscription price corresponds to the volume-weighted average price according to Nasdaq First North Growth Market's official price list for Alcadon 's share during the period from 29 February 2024 to 13 March 2024 . The number of shares and votes in Alcadon after the issue increases from 23,777,365 to 24,511,026. Contacts For more information, please contact: Alcadon Group AB Sonny Mirborn, CEO Mobil: +46 70 639 50 92 E-mail: [email protected] www.alcadongroup.se Certified Adviser: Svensk Kapitalmarknadsgranskning AB About Alcadon Group AB Alcadon conducts operations in Sweden , Norway , Denmark , Germany , the UK and Benelux. Since its inception in 1988, Alcadon has established itself as a leading supplier of data and telecommunications products and systems. Alcadon Group AB (publ), 559009-2382, Segelbåtsvägen 2, 112 64 Stockholm, Sweden Tel: +46 8-657 36 00, E-mail [email protected], webb: www.alcadongroup.se Attachments Alcadon Group has decided on a non-cash issue of 733,661 shares as part of the payment for the acquisition of Irish Wood Communications © Modular Finance, source Nordic Press Releases