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: smi@alca.se
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 info@alca.se, 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
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