Main shareholder Tre Liljor Sweden AB has on September 19 sold 652,175 shares, equivalent of 2.6 per cent of open voting share capital, to enable partial funding of early subscription of shares through warrants in QBNK Holding AB (”QBNK”). After sale and subscription Tre Liljor will increase their holding with 1,847,825 shares, the equivalent of 53,1 per cent.
Tre Liljor’s shareholdings are at a total of 2,500,000, where one warrant entitles the holder to subscribe for one new share in QBNK at a subscription price of SEK 2.50 SEK. Warrants are therefore eligible for a subscription of 2,500,000 new shares. Tre Liljor intends to exercise all warrants through the subscription of new shares. The net effect is that Tre Liljor will increase its holding in QBNK with 1,847,825 shares and the company raises 6.25 MSEK. The sale was conducted on market terms.
Carl Petruson, CEO of QBNK and President of Tre Liljor, comments:
”It’s gratifying that Tre Liljor has already found partial funding for new shares through warrants in QBNK, which enables QBNK to supply 6.25 MSEK in new issues of shares. This means that QBNK can withhold its planned strategy of growth.”
About QBNK Holding AB (publ)
QBNK provides business and government agencies cloud based products and services with Digital Asset Management. Historically, the company has seen a 30-40 per cent growth rate annually.