Offset issue for payment of deferred considerationPublished 28 Feb 2021
The Board of Knowit AB has, based on authorization from the AGM on 28 April 2020, decided on an offset issue of 157,379 shares for payment of the deferred consideration totaling SEK 43 million, attributable to the previously performed acquisition of the Nordic digital agency Creuna.
As already communicated, Knowit has acquired the Nordic digital agency Creuna, an acquisition that was finalized on 30 November 2020. The acquisition included a deferred consideration of SEK 43 million which Knowit could pay either in cash or in the form of newly issued shares in Knowit. The Board of Knowit has decided, based on authorization from the AGM on 28 April 2020, to pay the deferred consideration through an offset issue to the sellers of Creuna.
The new shares were issued at a subscription price of SEK 273.2255 per share. The subscription price corresponds to the volume-weighted average share price of Knowit shares on the Stockholm Stock Exchange (Nasdaq) for the ten (10) latest trading days on 28 February 2021. Through the new issue, the number of shares in Knowit will increase by 157,379 shares, from 19,652,179 shares to 19,809,558 shares. Share capital will increase by SEK 157,379 from SEK 19,652,179 to SEK 19,809,558. The new issue will have a dilution effect of around 0.79 percent for existing shareholders, based on the total number of shares in Knowit after the offset issue.