Resolutions From Bambuser's Extra General Meeting on 13 July

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STOCKHOLM, July 13, 2020 /PRNewswire/ -- The extra general meeting of Bambuser AB ("Bambuser") or the "Company") was held today on 13 July 2020 in Stockholm and the following resolutions were passed by the meeting.

Approval of the boards' resolution to issue new share

The extra general meeting resolved to approve the board of directors' resolution to issue a maximum of 41,123,392 shares, without preferential rights for the Company's shareholders. The total increase of the Company's share capital can amount to a maximum of SEK 2,056,169.60. The subscription price for the new shares shall be SEK 0.050 per share, corresponding to the quota value of the share. All shares have been subscribed for and allotted.

Right to subscribe for the new shares, without the shareholders' preferential rights, shall be attributed to Carnegie Investment Bank AB (publ) for transfer to the investors who have notified their interest in the accelerated book-building procedure carried out by Carnegie Investment Bank AB (publ), which was announced on 25 June 2020.

The reason for the new share issue of shares, with deviation from the shareholders' preferential rights, is to diversify the shareholder base among Swedish and international institutional investors and at the same time raise capital in a time efficient manner and at attractive terms in order to enable the continuous expansion. The proceeds from the share issue are intended to e.g., to be used to increase the growth of the Company's operations through primarily appointing new resources in an accelerated tempo. This is to deal with the increased interest from new customers as well as to faster facilitate expansion to new markets. Furthermore, the Company intends to continue to increase the technological advantage and ensure a leading market position.