Fastator board proposes 1-for-160 conversion of preference shares into common stock

Bitget2026/09/25 10:41

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Fastator plans to put a negotiated proposal to shareholders before year-end to convert preference shares into ordinary shares.
Voluntary exchange would offer 1 preference share for 160 new ordinary shares via a directed share issue.
At full take-up, ordinary shareholders would be diluted to about 15% ownership; preference holders would end up with about 85%.
Parallel rights issue for existing ordinary shareholders targets about SEK 75 million to offset dilution; pricing to support trading in subscription rights.
Board split on terms: Per von Wowern and Mats Geijer back the proposal; Michael Derk and Mats Lundberg want a lower exchange ratio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aktiebolaget Fastator (publ) published the original content used to generate this news brief on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fastator board proposes 1-for-160 conversion of preference shares into common stock

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