{"id":14391,"date":"2021-02-26T19:40:00","date_gmt":"2021-02-26T18:40:00","guid":{"rendered":"https:\/\/www.fmmattssongroup.com\/press-release\/set-off-issue-for-the-acquisition-of-aqualla-brassware-limited\/"},"modified":"2021-02-26T19:40:00","modified_gmt":"2021-02-26T18:40:00","slug":"set-off-issue-for-the-acquisition-of-aqualla-brassware-limited","status":"publish","type":"mfn_news","link":"https:\/\/www.fmmattssongroup.com\/en\/press-release\/set-off-issue-for-the-acquisition-of-aqualla-brassware-limited\/","title":{"rendered":"Set-off issue for the acquisition of Aqualla Brassware Limited"},"content":{"rendered":"<div class=\"mfn-body\">\n<p>As part of the acquisition of Aqualla Brassware Limited the board has today, based on its authorization, resolved upon an issue of new shares of series B corresponding to 3.15 million GBP to the sellers. The subscription price corresponds to a volume weighted average price of the company\u00b4s shares of series B, during the period\u00a012 February to 12 March 2021 converted to GBP in accordance with an agreed exchange rate. Subscription must take place on 16 March 2021 at the earliest and on 19 March 2021 at the latest when payment shall be made through set-off against debts comprising 3.15 million GBP.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-\">\n<p><strong class=\"mfn-heading-1\">For more information please contact:<\/strong><\/p>\n<hr\/>\n<p>Fredrik Skarp, CEO, Tel: +46 (0) 250\u00a0596 405.<br \/>Martin Gallacher, CFO, Tel +46 (0) 250\u00a0596\u00a0225.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about\">\n<p><strong class=\"mfn-heading-1\">About Us<\/strong><\/p>\n<hr\/>\n<p>FM Mattsson Mora Group conducts the sale, manufacture and product development of water taps and related products under the strong, established brands of FM Mattsson, Mora Armatur, Damixa, Hotbath, Aqualla and Adamsez. The group\u2019s vision is to be the customer\u2019s first choice in the bathroom and kitchen. In 2020 the business generated sales of more than\u00a01.6\u00a0billion\u00a0SEK from its companies in Sweden, Norway, Denmark, Finland, Benelux, UK, Germany and Italy and had\u00a0c. 550 employees (figures adjusted for the acquisition of Aqualla Brassware Ltd in February 2021). FM Mattsson Mora Group is listed on Nasdaq Stockholm.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p><em>This information is information that FM Mattsson Mora Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-02-26 19:40 CET.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-pdf\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr\/>\n<p><a class=\"mfn-generated mfn-primary\" href=\"https:\/\/storage.mfn.se\/bd7fcf3f-5d7a-44aa-bfbb-3cdd0d2a1acc\/set-off-issue-for-the-acquisition-of-aqualla-brassware-limited.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Set-off issue for the acquisition of Aqualla Brassware Limited<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As part of the acquisition of Aqualla Brassware Limited the board has today, based on its authorization, resolved upon an issue of new shares of series B corresponding to 3.15 million GBP to the sellers. The subscription price corresponds to a volume weighted average price of the company\u00b4s shares of series B, during the period\u00a012 [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-14391","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-ca","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-ca-shares-issuance","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-ca-shares"],"_links":{"self":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/mfn_news\/14391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/media?parent=14391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}