Offer in Brief, Project Red Pimpernel Kikambala Kenya

Offer to buy preferred stock in Karl Niklas Lundmark Ltd

On December – the Annual General Meeting of Karl Niklas Lundmark LTD (hereinafter the Company) authorized the Board of Directors of the Company to decide, on one or more occasions, on the issue of a maximum of 600 000 preference shares with or without deviation from the shareholders’ preferential rights.

On the basis of the authorization of the Karl Niklas Lundmark Ltd, the Board of Directors of the Company decided on – December that the Company’s share capital shall be increased by a maximum of SEK 1.5 million through a new issue of maximum 600 000 preference shares at a subscription price of 2,5 SEK per preference share. The subscription price, in the opinion of the Board, corresponds to the market value of the preference share based on the market’s demand for return.

UPON FULL SUBSCRIPTION OF 600 000 PREFERENCE SHARES, THE NUMBER OF SHARES IN THE COMPANY WILL INCREASE TO 601 000 SHARES AND THE NUMBER OF VOTES REMAIN TO THE NOMINAL SHAREHOLDERS.

Number of shares offered in total 600 000
Price per share in offer 2,50 SEK
Total subscription size 1 500 000 SEK

The minimum number of shares at the subscription is 250 shares (6250 SEK)
Shareholders can subscribe to any number of shares exceeding 250 shares.
Registration period Månd. 1 of March 2021 until 31 of March. 2021
Dividend in total of SEK 600 000 in year 2 Then in total SEK 600 000 in year 3
Then follows the normal dividend that the company decides from time to time
The board of the company have right to extend the registration period if needed.
Non-payment of dividends there will be two options
*1 Transfer of nominal shares which will be decided by the board
*2 Propert shall be identified and sold.
Redemption shall be done by the face value
In case of Liquidation the preference shareholders will have first priority
Reconciliation date for the nearest upcoming payments will be 6 months after audited accounts have been signed by the directors.

New capital, through an issue of shares, will be used primarily as working capital. This is due to payment in Kenya.