Fastator board proposes 1-for-160 conversion of preference shares into common stock
Bitget2026/09/25 10:41- Fastator plans to put a negotiated proposal to shareholders before year-end to convert preference shares into ordinary shares.
- Voluntary exchange would offer 1 preference share for 160 new ordinary shares via a directed share issue.
- At full take-up, ordinary shareholders would be diluted to about 15% ownership; preference holders would end up with about 85%.
- Parallel rights issue for existing ordinary shareholders targets about SEK 75 million to offset dilution; pricing to support trading in subscription rights.
- Board split on terms: Per von Wowern and Mats Geijer back the proposal; Michael Derk and Mats Lundberg want a lower exchange ratio.
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