Skip to main contentSkip to navigationSkip to search
Logotype

BoMill’s long-term incentive program for employees fully subscribed

3 September 2021, 08:30 CET

On May 6, 2021, the Annual General Meeting of BoMill AB resolved on an long-term incentive program through a directed issue of 200,000 warrants of series B 2021-2024 that entitles senior executives and other employees of BoMill the right to subscribe for new shares in the company. The last day for subscription of warrants was August 30, 2021, and the directed issue of warrants was fully subscribed.

The purpose of the incentive program is to strengthen the employees of the company´s interest and incentives for the company’s financial growth. The rights to subscribe were offered to the CEO and other executives as well as other employees. CEO Andreas Jeppsson subscribed for 75 000 warrants and other senior executives and employees subscribed for 125 000 warrants. In total, all 200,000 warrants were subscribed for.

The warrants will be issued against payment where the subscription price was established on the basis of a market value for the warrants using the Black & Scholes formula. Following the full subscription for warrants, the company will be provided with SEK 26 000.

Each warrant entitles the holder to subscribe for one new share in BoMill, to a subscription price corresponding to 300 % of the volume weighted market value of the share the ten trading days from and including August 2, 2021, to and including August 13, 2021, in accordance with the Black & Scholes formula. Subscription for shares shall be made through payment in cash to BoMill during the period of August 16, 2024, to August 26, 2024. Should all warrants be exercised, BoMill’s share capital will increase by SEK 200,000 and the number of shares will increase by 200,000 shares.

Should all warrants be exercised, the dilution for existing shareholders based on the current number of shares is 1.3%.

“I am convinced that BoMill has a promising future ahead and I am happy for this opportunity given to our entire team. With all warrants being exercised, it shows that we have an exciting business case that we all believe in”, comments CEO Andreas Jeppsson.

For more information about BoMill, please contact:

Andreas Jeppsson, CEO

Phone: +46 727 001 182

E-mail: andreas.jeppsson@bomill.com

 

Certified Adviser: Svensk Kapitalmarknadsgranskning AB

Phone: +46 11 32 30 732

E-mail: ca@skmg.se

BoMill has developed and is marketing a patented technology for sorting grain on a commercial scale, based on the internal qualities of each kernel. The method is the only one of its kind on the market today and is estimated to have the potential to become a Golden Standard within the industry. The Company operates in several markets and has sold sorting equipment to a number of reputable companies in the grain industry. For more information about BoMill, please visit www.bomill.com.

Latest news and releases

BoMill announces outcome of the wholly guaranteed Rights Issue

15 May 2024

Regulatory

THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION "IMPORTANT INFORMATION" BELOW.

BoMill AB (the "Company" or "BoMill") announces hereby the outcome of the wholly guaranteed rights issue of shares with a subscription period ended on May 14, 2024 (the "Rights Issue").

The outcome of the Rights Issue shows that 26 962 308 shares were subscribed for with the support of subscription rights, corresponding to approximately 96.6 percent of the Rights Issue; and 8 289 101 shares were subscribed for without the support of subscription rights, corresponding to approximately 29.7 percent of the Rights Issue. In total, 35 251 409 shares were subscribed for with and without the support of subscription rights with an issue amount of SEK 21 150 845.40, corresponding to approximately 126.3 percent of the Rights Issue. Thus, the Rights Issue was oversubscribed, and no guarantee undertaking will be utilized. BoMill will receive a total issue amount of approximately SEK 16.8 million before transaction costs through the Rights Issue.

BoMill publishes prospectus regarding the Rights Issue

23 April 2024

Regulatory

THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.

Today, BoMill AB (the “Company” or “BoMill”) has published a prospectus (“Prospectus”) regarding the forthcoming rights issue of shares with preferential rights for existing shareholders (the “Rights Issue”) resolved by the ordinary general meeting on April 12, 2024. The Rights Issue amounts to approximately a maximum of SEK 16.8 million.

Last day for trading in BoMill's shares including the right to participate in the share issue

17 April 2024

Non regulatory

THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.

Today, Wednesday April 17, 2024, is the last day of trading in shares of BoMill AB (the “Company”) including the right to obtain subscription rights.

Tomorrow, Thursday April 18, 2024, is the first day of trading in Company’s shares excluding the right to obtain subscription rights.

See all news and releases