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Nocom AB (publ), quoted on the OMX Nordic Stock Exchange Small Cap list, has raised an additional SEK 29.8 million in equity capital through the exercise of warrants for subscription to new shares in the company during the period ended December 20, 2006.
Warrant series TO2B was originally issued as compensation for the warrants in TurnIT, according to Nocom’s offer to the warrantholders in TurnIT that was announced in December 2004. Each warrant (Nocom TO2B) grants the right to subscribe for one new class B share in Nocom for a price of SEK 3.00 by December 20, 2006, at the latest.
The completed new issue of B shares in Nocom has increased the number of shares by 9,930,487, from 106,955,127 to 116,885,614, consisting of 1,000,000 A shares and 115,885,614 B shares. The conversion of interim shares is expected to take place at the end of January.
”With the new share issue close to fully subscribed, we have further strengthened our financial position and create increased scope for investment in our growth areas,” says Stefan Ström, President and CEO of Nocom.