The Swedish Companies Registration Office (the "SCRO") has today registered the merger between Magle Chemoswed Holding AB ("Magle Group") and Amniotics AB (publ) ("Amniotics") (the "Merger"). The Merger is thereby completed and Amniotics has been dissolved.
The SCRO's registration of the Merger completes the merger process from a legal perspective and all of Amniotics' assets and liabilities have been transferred to Magle Group. The merged entity will maintain the company name Magle Chemoswed Holding AB and will continue to have its registered office in Malmö, Sweden.
In connection with the registration of the Merger, the SCRO has today also registered the issue of the new shares in Magle Group that will constitute the merger consideration.
The shareholders who are registered in Amniotics' share register, as of the record date on 1 October 2024, will receive merger consideration. For six thousand eight hundred (6,800) shares in Amniotics, one (1) share in Magle Group will be received. Delivery of shares in Magle Group, i.e. the merger consideration, is intended to commence on or about 8 October 2024. Trading in Magle Group's shares will take place as usual and will not be affected by the merger process.
Advisors
Vator Securities AB is financial advisor in connection with the Merger. Advokatfirman Schjødt is legal advisor to Magle Group, and Setterwalls Advokatbyrå AB is legal advisor to Amniotics, in connection with the Merger.
For enquiries, please contact:
Magle Group
Justin Pierce, CEO
Email: justin.pierce@maglechemoswed.com
Telephone: +46 (0)70 593 58 21
For administrative questions regarding the Merger, please contact your bank or the nominee registered as holder of your shares.
About Magle Group
The Magle Group aims to establish itself as a leader in high-quality life-changing healthcare innovations to meet medical needs through scientific excellence. The Magle Group is founded on strategic acquisitions aimed at driving growth and diversifying risk. Today, the Group includes two operational areas. Magle Chemoswed - a contract development and manufacturing organization (CDMO) with a strong reputation for its high-quality development and manufacturing expertise and Magle PharmaCept - an established sales and marketing company for development and direct sales of the Groups medical technology products. Learn more on www.maglechemoswed.com and https://maglegroup.com/ and www.maglepharmacept.com.
Vator Securities is Magle Group's certified adviser on Nasdaq First North Growth Market and can be reached at ca@vatorsec.se or +46 (0)8-580 065 99.
Important information
In the information below, "this press release" refers to this document, its content or part thereof, oral presentations, question papers and written or oral material discussed or distributed in connection therewith. This press release is not a notice to attend an extraordinary general meeting or a merger document. This press release is also not an offer to sell, or a solicitation or invitation to submit an offer to buy, acquire or subscribe for, securities, or an incentive to make any investment, and there will be no sale of securities in jurisdictions where such an offer, request or sale would be prohibited without registration or qualification under such jurisdiction's securities law. Decisions regarding the Merger shall be made solely on the basis of information stated in the merger document relating to the Merger, and to independent analyses of the information therein. You should read the merger document, which is available on Magle Group's and Amniotics' webpages: www.maglegroup.com and www.amniotics.com, to obtain more complete information on the Merger. You should also do an independent analysis of the information contained therein and the merger document before making an investment decision.
