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Alcadon

Alcadon

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Alcadon Group has decided on a non-cash issue of 733,661 shares as part of the payment for the acquisition of Irish Wood Communications

16:01 / 2 April 2024 Alcadon Press release

As previously announced in a press release on 6 March 2024, Alcadon Group AB ("Alcadon") has signed an agreement to acquire Irish Wood Communications Ltd. through the acquisition of all shares in its parent company Lewralos Limited with a scheduled closing date on April 2, 2024. Part of the purchase price, corresponding to SEK 27,438,921, is paid through a non-cash issue of shares in Alcadon. On this basis, and in connection with the acquisition of Lewralos Limited, the board of directors has today decided on a non-cash issue of 733,661 shares in Alcadon to the sellers Keith Mahony and Derek Finlay (the "Sellers") at a subscription price of SEK 37.40 per share. In accordance with the share purchase agreement between Alcadon and the Sellers, the subscription price corresponds to the volume-weighted average price according to Nasdaq First North Growth Market's official price list for Alcadon's share during the period from 29 February 2024 to 13 March 2024. The number of shares and votes in Alcadon after the issue increases from 23,777,365 to 24,511,026.

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