Nordnet repurchases warrants with newly issued shares

Nordnet has completed its repurchase offer for warrants issued under its 2020/2023 long-term incentive program. The company repurchased a total of 5,689,865 warrants.

As payment for these repurchased warrants, Nordnet will issue 1,451,609 new shares. This share issuance represents a dilution of 0.58%, based on the number of shares outstanding after the issuance. Each share issued had a value of 154.50 SEK, corresponding to the closing price of Nordnet shares on Nasdaq Stockholm on October 27.

The acceptance period for the offer ran from October 25 to October 27, 2023. Prior to the offer, 5.8 million warrants were outstanding. Following the repurchase, 111,074 warrants remain outstanding and can be converted into new shares until November 22, 2023. The decision to make this offer was approved at Nordnet's Annual General Meeting on April 18, 2023.

Nordnet operates as a digital platform for savings and investments across the Nordic region, aiming to challenge traditional financial structures through innovation, simplicity, and transparency. It provides private savers with access to the same information, tools, and services as professional investors.