The following resolutions were passed at the Extraordinary General Meeting (the “EGM”) of eEducation Albert AB (publ) (“Albert” or the “Company”) held today on 4 January 2023.

Resolution to approve the Board of Directors’ resolution on a directed issue of shares
The EGM resolved, in accordance with the Board of Directors’ proposal, to approve the Board of Directors’ resolution on 19 December 2022 to increase the Company’s share capital with not more than SEK 204,970.50 by way of a directed issue of not more than 4,099,410 new shares. The subscription price amounted to SEK 17.1 per share and the reasons for the deviation from the shareholders’ preferential rights were that Albert would promptly and in a time- and cost-effective manner raise the necessary capital to finance the previously communicated acquisitions of Strawbees AB and ARPU Management AB (with the subsidiaries Swedish Film AB and Norwegian Film AS). The directed issue entails a dilution of approximately 19 percent of the existing number of outstanding shares and votes in the Company. Through the directed issue, the number of shares and votes in the Company increases by 4,099,410, from 17,721,655 to 21,821,065. The share capital increases by SEK 204,970.50 from SEK 886,082.75 to SEK 1,091,053.25.

Resolution to authorise the Board of Directors to resolve on new issues
The EGM resolved, in accordance with the Board of Directors’ proposal, to authorise the Board of Directors, for the period until the end of the next annual general meeting, at one or several occasions and with or without deviation from the shareholders’ preferential rights, to resolve on a new issue of shares.

The authorisation may be utilised for new issues of shares which may be made with provisions regarding contribution in cash, in kind or through set-off corresponding to a dilution of not more than 20 per cent of the registered chare capital in the Company at the time of the issue resolution. In addition, in connection with acquisition of businesses, companies or rights, the Board of Directors shall be able to resolve on issues in kind or through set-off corresponding to a further maximum 10 per cent of the registered share capital in the Company at the time of the issue resolution. Thus, the total authorisation, corresponding to a maximum of 30 per cent, requires that at least 10 per cent be used for issues in kind or through set-off made in connection with the acquisition of businesses, companies or rights. The subscription price shall be determined on market terms and conditions. Deviations from shareholders’ preferential rights should only be possible in connection with acquisitions of operations, companies, participations in companies and other rights associated therewith or for the Company’s continued expansion.

The authorisation will replace the existing authorisation from the annual general meeting on 3 May 2022.

For more information, please contact:

Martin Dahlgren, Head of Finance
Mobile: +46 (0) 73 909 26 31
Email: martin@hejalbert.se

The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on 4 January 2023.

About eEducation Albert AB (publ)

Albert is the children's digital teacher, who since the start in 2016 has helped over 300,000 families with homework via mobile devices. Albert's apps are aimed at younger (1-9 years) and older children (10-16 years) and include subjects such as Mathematics, Geography, Code and Reading & Writing. Albert was founded in 2016 by two friends in Gothenburg with a clear goal - to democratize knowledge through technology - and that is what drives us even today. Albert is listed on the Nasdaq First North Growth Market with the short name (ticker) ALBERT. The company's certified adviser is Erik Penser Bank, certifiedadviser@penser.se, +46 (0) 8463 80 00

Read more at www.investors.hejalbert.se

Attachments

Bulletin from Extraordinary General Meeting in eEducation Albert AB (publ)

© Modular Finance, source Nordic Press Releases