FUUD: Result of the conversion of KV1 convertibles in circulation in Fuud AB


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STOCKHOLM, Sep 20, 2021 14.00 CEST

At Sep 1, 2021, the possibility was opened to holders of FuudKV1 convertible to convert convertibles held at the conversion rate of 0.70 SEK, according to the terms communicated by the company on April 22, 2021. On the outstanding convertible loan of the company 84 999 999 SEK, a total nominal amount of 81,499,993 SEK has been declared for conversion, which corresponds to approximately 96% of the outstanding convertible loan.

Convertible loans and interest

After registration of the conversion, the outstanding convertible loan will be 3,500,000 SEK. The total accrued interest for convertibles declared for conversion during the period has so far amounted to approximately 2,000,383 SEK and all the holders have announced that they want to compensate for this accrued interest on the shares. The accrued interest is converted into shares with a subscription price of 1.32 SEK, corresponding to the volume-weighted average price of Frill’s shares on the Nasdaq First North Growth Market during September 13-17, 2021.

Shares and share capital

By conversion of the nominal value of the notified convertibles, 116,428,561 new shares will be issued. In addition, 1,515,442 shares will be issued in return for accrued interest. After rounding up, the total number of shares of the company increases by 117,944,006 shares. Fuudthe share capital of increases by 5,897,200.3 SEK To 18,565,558.9 SEK.

After registration of the conversion and issue of new registered shares, the total number of shares of the company amounts to 371,311,178.

The annual interest cost of the company’s convertible loans decreases by 4,890,000 SEK about 5,100,000 SEK To 210,000 SEK.

Remaining convertibles and conversion period

The remaining portion of the outstanding convertible loan amounts to 3,500,000 SEK and is due on May 15, 2024, under which it must be paid by the company, unless the conversion has taken place beforehand. Holders of Fuud‘s KV1 has the right to require the conversion on an ongoing basis until the loan matures.

For more information, please contact:

Pierre Blom, CEO Fuud AB

Phone. : +46 706 555 698

Email: [email protected]

About Fuud Group

With the vision of being the leader of the Nordic market in 2025, Fuud brings together a number of exciting Swedish brands within Functional foods under one roof, in order to jointly challenge existing players in one of the most dynamic categories of the food industry.

Fuud grows through a combination of organic growth and acquisitions with a strong focus on high quality content, exciting innovations and engaging design. FuudThe aim of is to offer new and better alternatives than those already on the market, and at the same time to contribute to both better health and a better quality of life for the Nordic population.

With a naturally integrated avant-garde spirit, a strong and motivated sales force and many key players experienced in management and the board of directors, Fuud created a balance between muscle, dynamism and experience. The Fuud group currently owns the following brands: iQ Fuel, Homie, Beijing8, Juica, Juice Culture, Bacoccoli, Frill, Nathalie’s, Barfly and Bezzt of Nature.

The company is based in Stockholm and is listed on the Nasdaq First North Growth Market, short name Fuud. FNCA Sweden AB is the authorized advisor of the company. Phone. +46 (0) 8 528 00 399, email [email protected]

https://news.cision.com/fuud/r/conversion-outcome-of-outstanding-convertibles-kv1-in-fuud-ab,c3418115

https://mb.cision.com/Main/17162/3418115/1470475.pdf

(c) Decision 2021. All rights reserved., source Press Releases – English

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