EAM Solar ASA: Legal status update: Criminal Appeal Court of Milan postpones next hearing to May 2024
Dette lukter litt utspekulert😂
what do you mean? the most interesting is “authorization to issue warrants in
conjunction with Company borrowing”! Bonds or EMI, what do you reckon?
husk å stem/forhånds stem mot dette ranet.
Forklaringen er svak. pga rettsavgjørelsen i februar kan de nå selge resterende av solparken, men dette vil ta tid og de trenger kontanter før dette og ingen banker vil gi de lån for verdiene av solparkene i mellomtiden!?
Do you think this is a plausible explanation or just joking?
Remember to vote!
This is happening days before the long awaited result of the trial. Seems they are speculating on a positive result.
Giving themself huge amounts of warrants that will lower any potential result from the trial for us owners.
They could at least be a bit moderate and wait after the trial.
If they need money let the current stock holders get first right to buy the warrants
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What warrants are you talking about? If these are depository recepts / ADR, then the existing shareholders will be also assigned and able to buy them.
Attaching the information sent from EAM solar here.
Can also be found here:
https://newsweb.oslobors.no/message/616184
EAM Solar ASA Notice of extraordinary general meeting 10 May 2024.pdf (291,1 KB)
Yes, but it says only about warrants, i.e. it does not specify in what form this borrowing will take place.
For example, for the warrants to the chair of board of directors:
“
The warrants are regulated by a separate agreement on the issue of warrants to be entered into between the Company and Viktor E Jakobsen.
“
Seems the warrants are for them.
It also says:
“No remuneration shall be provided for the warrants.”
And
“
Consideration for shares issued in accordance with the warrants shall be NOK 15 per share.“
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Also,
“
The subscription period applies for 5 years from the general meeting’s decision. The warrants can be exercised at any time during the said period.
“
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so they plan a private placement in favor of the management to take place during 5 forthcoming years?
The result of the 10 year long billion NOK lawsuit is coming 16. may, and then 10 May the management wish a huge amount of warrants.
It may seem they speculate that the result will be positive and they can get a lot of money on warrants. But we owners loose huge part of any gains if the management follow through on this.
Thats is why it is so important to vote before May 3 against this.
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They plan to have the warrants 10 May.
Result of trial 16. May.
They can then exercise the warrants any time within a period of 5 years as I understand it .
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Vote NO
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