LAHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Arise Group (STO:ARISE) management has acquired a total of 450,000 warrants in Arise. This corresponds to the maximum subscription in accordance with the resolution by the Annual General Meeting on May 3, 2016. Each warrant entitles the right to subscribe for one new share in the company at a subscription price of SEK 18.70 per share. The price for each warrant amounts to SEK 1.32 and has been calculated in accordance with the resolution made by the Annual General Meeting.
The subscription period runs from March 4 2019 to March 15 2019.
In connection thereto, certain members of Group management have sold shares in Arise to finance the acquisition of warrants, which in total will lead to an increase of management’s exposure to the company.
Halmstad 15 June, 2016
ARISE AB (publ)
The information contained herein constitutes information which Arise AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 08.30 a.m. on 15 June 2016.
Arise is one of Sweden's leading wind power companies with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20 20 900, corporate id .no. 556274-6726
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