The acceptance period for The Repurchase Offer started on 25 October 2023 and ended earlier today on 27 October 2023. The number of Warrants outstanding amounted to 5,800,939 before The Repurchase Offer, translating to 6,265,014 Nordnet shares after adjusting for dividends paid since the Warrants were issued. The price per Warrant amounted to 39.42 in The Repurchase Offer, equivalent to the calculated market price based on the closing price for the Nordnet share on Nasdaq Stockholm on 27 October.
Through The Repurchase Offer, Nordnet has purchased a total of 5,689,865 Warrants. Payment for repurchased Warrants will be in the form of 1,451,609 newly issued Nordnet shares, equivalent to a dilution of 0.58%, based on the number of shares in Nordnet after the issuance. Each share paid to a Warrant holder was assigned a value of 154.50 SEK, equivalent to the closing price of the Nordnet share on Nasdaq Stockholm on 27 October.
After the end of the acceptance period 111,074 Warrants are still outstanding and can be converted to new shares through 22 November 2023.