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REGISTRATION OF THE COMBINATION OF SHARES OF DIGITALIST GROUP PLC, AND ADJUSTMENT OF THE MAXIMUM NUMBERS OF SHARES AVAILABLE FOR SUBSCRIPTION UNDER THE COMPANY’S CONVERTIBLE LOANS AND 2021 STOCK OPTION PROGRAM, AND THE SUBSCRIPTION PRICES
Globenewswire· 2025-08-16 08:05
Core Points - Digitalist Group Plc has implemented a share combination, reducing the total number of shares to 2,773,721, effective from 18 August 2025 [1][2] - The share combination was resolved during the Extraordinary General Meeting on 13 August 2025, where one share now corresponds to every 250 shares previously [2][4] - The company has also conducted a directed share issue without consideration, transferring 636,238 shares to ensure that the number of shares in each account is divisible by 250 [2][3] - The purpose of the share combination is to enhance trading conditions by increasing the value of individual shares and improving share price formation [4] Share Redemption and Cancellation - Following the share combination, the company redeemed 249 shares for every 250 shares held, with the redeemed shares being immediately cancelled [3] - Additionally, 205 of the company's own shares were cancelled to maintain divisibility by 250, leaving Digitalist Group with 28,114 of its own shares [3] Convertible Loans and Stock Option Program Adjustments - The Board of Directors has adjusted the maximum number of shares available for subscription under various convertible loan instruments and the 2021 stock option program due to the share combination [6][8] - The conversion prices for the convertible loans will be based on the volume-weighted average price of the company's shares, multiplied by 250 for the period preceding 18 August 2025 [9][13] - The maximum number of new shares that can be converted under each convertible loan has been specified, with notable figures including 260,000 for Convertible Loan 2021/1 and 5,204,280 for Convertible Loan 2021/3 [9][13] Stock Option Program Details - The Stock Option Program 2021 remains in effect, with 7,300,000 Option Rights 2021A2 available before the share combination, allowing subscription at a price of EUR 0.0298 per share [11] - Post-combination, the Option Rights 2021A2 can now be used to subscribe for a maximum of 29,200 new shares, with the subscription price adjusted to EUR 7.45 per share [12][14]