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Today, the exercise period for warrants in BoMill AB begins

16 September 2021, 08:31 CET

BoMill AB (“BoMill” or “the Company”), an agritech company that is promoting a patented grain sorting solution that allows, in commercial quantities, to sort grains based on the internal properties of the kernel, today, 16 September 2021, announces that the exercise period for the warrants of TO 1 issued in connection with the Company’s IPO, begins. The exercise period for the warrants of series TO 1 runs until and including 7 October 2021. Upon full exercise of the warrants, BoMill will be allocated approximately SEK 23,7 million (before costs). Sedermera Fondkommission is the financial adviser and Markets & Corporate Law Nordic AB is the legal adviser in connection with the warrant exercise. Nordic Issuing is the issuing agent.

BoMill issued units (shares and consideration free warrants) in connection with the Company’s IPO during October 2020. Each unit consisted of three shares and two warrants. Starting today and until the exercise period ends on 7 October 2021, holders of warrants of series TO 1 have the right to subscribe for one new share in BoMill for each warrant at a price of SEK 7,10 per share. The warrants are traded on Nasdaq First North Growth Market until 5 October 2021. The warrant holders can decide to exercise their warrants until 7 October 2021 or sell them at the latest on 5 October 2021, by instructing their bank. If the warrant holder wishes to exercise his/her warrants, it is important for the warrant holder to contact his/her bank and follow the instructions from the bank and allow some time for handling the instruction and payment to be sure to act before the exercise period expires. The warrants cease after the exercise period and thereafter become worthless. Upon full exercise of all warrants, BoMill will be allocated approximately SEK 23,7 million (before issue costs).

The potential proceeds that the Company receives through the warrant exercise will be used to accelerate market activities, complete development projects, and strengthen the financial position.

“With an increasing need for both higher quality and sustainability in the food production chain, BoMill has an important role to play. We are the only company on the market that allows accurate sorting of grains, in large quantities, based on individual kernels’ internal properties, making industrial processes more efficient and allows for less waste. I believe our shareholders appreciate both the prospect of value from our business as well as the values BoMill can provide to the world”, comments CEO Andreas Jeppsson.

The terms for the warrants in brief

Exercise period:

16 September 2021 – 7 October 2021.

Exercise price: 

Holding of one (1) warrant of series TO 1 entitles to subscription of one (1) share in BoMill at a rate of SEK 7,10 per share.

Issue volume:

There are 3 334 000 outstanding warrants of series TO 1. If all warrants of series TO 1 are exercised, BoMill will receive approximately SEK 23,7 million before issue costs.

Last day of trading in the warrants: 5 October, 2021.

Current number of shares in BoMill:

15 507 400.

Important dates in connection to the exercise period for warrants of series TO 1

  • The exercise period begins: 16 September 2021.

  • The last day for trading in warrants: 5 October 2021.
  • The exercise period ends: 7 October 2021.
  • Planned communication of outcome: 12 October 2021.
  • Planned conversion of interim shares to shares: 27 October 2021.

The teaser for the exercise of warrants of series TO 1 in BoMill and the associated subscription form are to be found on www.bomill.com/investors/warrants/, www.sedermera.se and www.nordic-issuing.se.

For more information about BoMill, please contact:

Andreas Jeppsson, CEO

Phone: +46 (0) 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.

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