During July 2023, 1 400 000 warrants in the long-term incentive program that was decided by the annual general meeting 2020 (LTI 2020) have been exercised, resulting in an increase of 1 400 000 B-shares and votes in Net Insight AB.
Before the warrants were exercised, there were 1 000 000 A shares and 367 868 009 B shares, in total 368 868 009 shares and 377 868 009 votes. As of July 31, 2023, there are 1 000 000 A shares and 369 268 009 B shares, in total 370 268 009 shares and 379 268 009 votes. A reduction of share capital with cancellation of shares is ongoing, whereby the numbers of B shares and votes will decrease by 12 775 000.
For further information, please contact:
Joakim Schedvins, CFO, +46 8 685 04 00, email@example.com
About Net Insight
Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.
For over 25 years, the world’s leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight’s Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.
For more information, please visit netinsight.net