Hemply Balance Holding AB (publ) ("Hemply Balance" or "The Company") has, with the support of authorization from the Annual General Meeting in June 2021, decided on a directed set-off issue of 124 000 shares. The set of issue is part of the payment for the acquisition of Hemp Juice Sp. z o.o ("Hemp Juice") as previously announced by The Company.
Number of shares, share capital, and dilution
The issue price is SEK 25.235 per share and was determined through negotiations with Hemp Juice Sp. z o.o. The company's share capital increases through the issue of 124 000 shares by SEK 42 502.9301 to a total of SEK 873 002.3001. After registration with the Swedish Companies Registration Office, the number of shares in Hemply Balance will amount to 2 546 937 shares. For existing shareholders, the dilution will amount to approximately 4.87 percent.
The shares are subject to a lock-up where the sellers of Hemp Juice can sell 10 percent of their holdings after 18 months, 20 percent after 30 months, and 100 percent after 42 months.
120 000 shares were directed to the sellers of Hempy Juice, and 4 000 shares were directed to Cooach Business Support AB as a set-off of fees for having acted as business support during the acquisition process.
For further information, please contact:
Chairman of the Board
About Hemply Balance
Hemply Balance Holding AB (publ) is a health food group that sells safe, high-quality
hemp products in three categories: beauty, supplements, and pets. The company's goal
is to consolidate its position as the leading player in high-quality hemp products and to
become a significant player in Europe. The Company owns two brands, Hemp Juice
and Hemply Balance.
Augment Partners AB, tel. +46 8 604 22 55, email: firstname.lastname@example.org is the company's Mentor.
For more information, visit the Hemply Balance website www.hemplybalance.com