Lifecare ASA Issues News Release on Warrant Exercise Period

Strategic Insights -

Lifecare ASA has announced that the exercise period for 4,193,806 warrants issued in connection with the partially underwritten rights issue of new shares in the Company completed in June 2024 has commenced. Warrant holders have until June 13, 2025, to exercise their warrants, with the last day for sale being June 6, 2025. Failure to exercise warrants by the specified deadline will result in their lapse and no value.

The largest shareholder, Lacal AS, has exercised 253,847 warrants, with the Company expecting the new shares to be registered with the Norwegian Register of Business Enterprises on or about June 24, 2025, and shares delivered to subscribers on or about June 25, 2025. The shares received upon exercise of warrants will be listed on Euronext Oslo Bors under ISIN NO0013355859 and ticker code "LIFE".

Key Takeaways:

  • The exercise period for 4,193,806 warrants issued by Lifecare ASA has commenced, with a deadline of June 13, 2025, for exercise.
  • Warrants that are not exercised by the deadline will lapse and have no value for the holder.
  • Lacal AS, the largest shareholder, has exercised 253,847 warrants for the allocation of new shares.
  • The Company expects the new shares to be registered with the Norwegian Register of Business Enterprises on or about June 24, 2025.
  • The shares received upon exercise of warrants will be listed on Euronext Oslo Bors under ISIN NO0013355859 and ticker code "LIFE".
  • The shares will be subject to certain restrictions, including the requirement for full payment and registration with the Norwegian Register of Business Enterprises before being transferable or tradable.

Statistics:

  • 4,193,806arrants issued by Lifecare ASA.
  • 253,847 warrants exercised by Lacal AS.
  • NOK 5.31681 as the exercise price per share.
  • June 13, 2025, as the deadline for warrant exercise.
  • June 6, 2025, as the last day for sale of warrants.
  • June 24, 2025, as the expected date of registration with the Norwegian Register of Business Enterprises.
  • June 25, 2025, as the expected date of delivery of shares to subscribers.
  • ISIN NO0013355859 and ticker code "LIFE" for the listed shares.

Sources:

  • Lifecare ASA. (2025, June 2). Stock exchange announcement by Lifecare ASA.
  • Lifecare ASA. (2025, June 2). News release regarding the commencement of the exercise period for warrants.