Renewcell’s CEO Patrik Lundström with new shares
Re:NewCell AB’s Chief Executive Officer, Patrik Lundström, has today exercised 6,970 warrants of series 2019/2023 in the Company for subscription of 453,050 new shares in the Company at a subscription price of SEK 48.43 per share. Patrik Lundström has previously exercised 3,494 warrants of series 2019/2023 for the subscription of 227,110 new shares in the Company. All warrants of series 2019/2023 have thus been exercised.
On 27 July 2023, Patrik Lundström sold shares in the Company for the purpose of using the sale proceeds in connection with an exercise of warrants of series 2019/2023 and intends to sell additional existing shares to enable payment of all shares that have been subscribed for today. The Board of Directors of the Company has resolved to extend the period for payment of the new shares up to and including 19 October 2023 to enable an orderly divestment.