Dicot resolves on a directed issue of shares (compensation issue) to guarantors in conjunction with the oversubscribed rights issue

Press release: Uppsala, July 7, 2020. Dicot AB ("Dicot" or the "Company") has completed the rights issue of units amounting to SEK 21.8 million, which was disclosed on April 23, 2020 and resolved by the annual general meeting on May 26, 2020 (the "Rights Issue") In connection herewith, in accordance with the underwriting commitments that have been drawn up, a directed issue of shares to the guarantors in the Rights Issue who have chosen to receive guarantee compensation in the form of newly issued shares in the Company (the "Compensation Issue") is implemented. The subscription price in the Compensation Issue is set at SEK 1.80 per share and payment is made through set-off of the guarantors' claims.

As previously communicated in conjunction with the Rights Issue, the guarantors had, in accordance with the underwriting agreements drawn up, the opportunity to choose to receive guarantee compensation in the form of cash or newly issued shares in the Company. A number of guarantors have chosen to receive the guarantee compensation in the form of newly issued shares. As a result, the Board of Directors, supported by authorization from the Annual General Meeting on May 26, 2020, has decided on the Compensation Issue, which comprises a total of 166,665 shares.

Payment in the Compensation Issue shall be made by setting off the respective guarantor's claim for guarantee compensation. The subscription price has been set at SEK 1,80 per share, which corresponds to the volume weighted average price for Dicot shares during the subscription period from June 4, 2020 to June 18, 2020. All shares in the Compensation Issue have been subscribed and allocated. Through the Compensation Issue, the number of shares in Dicot increases by 166,665 shares to a total of 38,341,697 shares, and the share capital increases by a total of SEK 20,833.125 to SEK 4,792,712.125 (calculated on the number of outstanding shares in the Company after final registration of the Rights Issue at the Swedish Companies Registration Office). The dilution due to the Compensation Issue amounts to approximately 0.43 percent (calculated on the number of shares outstanding in the Company after final registration of the Rights Issue at the Swedish Companies Registration Office).

Advisors
Mangold Fondkommission AB is acting as financial adviser to the Company in the Rights Issue. Advokatfirman Lindahl KB is acting as the legal adviser to the Company.

For further information, please contact:
Göran Beijer, CEO
Tel: +46 (0) 706 63 60 09
E-mail: goran.beijer@dicot.se 
www.dicot.se

About Dicot AB                                                                

Dicot is a pharmaceutical company focused on drug discovery and the development of novel lifestyle drugs to enrich patients' lives. The Company develops and manufactures medicines for the treatment of erectile dysfunction and premature ejaculation. The company's lead product, Libiguin™, for the treatment of sexual dysfunctions, is in a stage of pre-clinical development. Dicot is listed on the Spotlight Stock Market and has approximately 900 shareholders. For more information see www.dicot.se.

This information is such that Dicot AB is required to make public in accordance with the EU's Market Abuse Regulation (MAR). The information was made public by the Company's contact person above on July 7, 2020.

Important information

This press release is not an offer to subscribe for shares or units in Dicot and investors should not subscribe or acquire any securities. Invitation to concerned persons to subscribe for shares in Dicot will only be made through the EU growth prospectus.

This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or or in any other country where the Rights Issue or distribution of the press release is in violation of applicable laws or regulations or presupposes that a further prospectus is established, registered or that any other measure is undertaken beyond that required by Swedish law. where such action as a whole or in part is subject to legal restrictions.

Neither unit rights, units subscribed for ("BTU") or newly issued units have been recommended or approved by any US federal or state securities authority or regulatory authority. No subscription rights, BTA or newly issued shares have been registered or will be registered under the United States Securities Act of 1933, or under the securities law of any state in the United States. Therefore, no new shares, paid subscribed shares, subscription rights or other securities issued by the Company may be transferred, exercised or offered for sale in the United States other than in such exceptional cases that do not require registration or through a transaction that is not covered by such registration. There is no intention to register any portion of the offer in the United States and the securities issued in the Compensation Issue will not be offered to the public in the United States.

The Company has not authorized any offer to the public with regards to the shares or rights that are referred to in this communication in any member state of the European Economic Area (''EEA'') besides Sweden. This communication is only addressed to and is only directed at qualified investors in other members states within the EEA member state and in the United Kingdom.

Nerladdningsbara filer

Dicots valberedning inför årsstämman 2021

Pressmeddelande: Uppsala, 24 november 2020. I enighet med beslut vid årsstämman för Dicot AB (publ) den 26 maj 2020 har en valberedning utsetts inför årsstämma den 25 maj 2021.


Dicot AB delårsrapport januari - september 2020

Pressmeddelande: Uppsala, 23 november 2020. Dicot ABs (publ) delårsrapport för januari - september 2020 finns nu tillgänglig på bolagets hemsida www.dicot.se.


Summary of Interim Report January - September 2020, Dicot AB

Press release: Uppsala, November 23, 2020. A summary of the Interim report January - September 2020, for Dicot AB (publ) is now avalible on the company webbsite www.dicot.se .


Eva Sjökvist Saers adjungeras till Dicots styrelse

Pressmeddelande: Uppsala, 19 november 2020. Styrelsen i Dicot har beslutat att adjungera Eva Sjökvist Saers till sitt arbete. Eva kommer också att bli föreslagen som ny ordinarie ledamot vid kommande bolagsstämma. Samtidigt har styrelseledamot Jarl Wikberg tillkännagivit att han på egen begäran och av personliga skäl avgår från Dicots styrelse.


Stora framsteg i produktionen av Dicots läkemedelskandidat

Pressmeddelande: Uppsala, 18 november 2020. Dicot har producerat sin andra storskaliga batch av läkemedelssubstans för Libiguin®. Produktionen har effektiviserats avsevärt vilket innebär att det producerats 2,5 gånger så mycket läkemedelsubstans från samma mängd växtråvara jämfört med föregående batch.


Significant progress in the production of Dicot's drug candidate

Press release: Uppsala, November 18, 2020. Dicot has produced its second large-scale batch of the drug substance for Libiguin®. The production has improved significantly, which means that 2.5 times as much drug substance has been produced from the same amount of plant raw material compared to previously batch.



Agreement for liquidity providing terminated

Uppsala, October 27, 2020. The agreement with Mangold Fondkommission to act as the liquidity provider for Dicot AB's share has been terminated. The assignment will end on October 29, 2020. The share has a good spread and the liquidity providing is no longer needed. No new liquidity guarantor replaces the previous commitment as the need no longer exists.


Dicot AB tillförs cirka 7,6 MSEK genom teckningsoptionerna av serie TO1 2019

Pressmeddelande: Uppsala, 19 oktober 2020. Dicot AB ("Dicot" eller "Bolaget") meddelar utfallet från nyttjandet av teckningsoptioner av serie TO1 2019. Totalt nyttjades 2 894 950 teckningsoptioner, motsvarande cirka 37,2 procent av utstående teckningsoptioner, för teckning av 5 326 701 aktier till teckningskursen om 1,42 SEK per aktie. Genom nyttjandet av teckningsoptionerna tillförs Dicot därmed cirka 7,6 MSEK före emissionskostnader.


Dicot AB receive approximately 7.6 MSEK through the warrants of series TO1 2019

Press release: Uppsala, October 19, 2020. Dicot AB ("Dicot" or the "Company") announce the outcome regarding exercising of warrants of series TO1 2019 for the subscription of new shares. In total, 2,894,950 warrants were exercised, corresponding to approximately 37.2 percent of the total number of warrants of series TO1 2019 issued, for the subscription of 5,326,701 shares at a price of SEK 1.42 per shares. Through the subscription of shares using warrants Dicot will receive approximately 7.6 MSEK, before issuing costs.


Sista dag för teckning av teckningsoptioner av serie TO1 2019

Idag, den 13 oktober 2020, är den sista dagen att handla med teckningsoptioner av serie TO1 2019. Teckningsperioden för teckningsoptionerna av serie TO1 2019 pågår fram till den 15 oktober 2020. Varje teckningsoption berättigar till teckning av en komma åttiofyra (1,84) nya aktier i Bolaget till en kurs om 1,42 SEK per aktie efter omräkning. För att teckningsoptionerna inte ska förfalla utan värde krävs att innehavaren aktivt tecknar aktier senast den 15 oktober, 2020, alternativt säljer teckningsoptionerna senast den 13 oktober 2020.


Last day of trading with the warrants of series TO1 2019

Today, October 13, is the last day of trading with the warrants of series TO1 2019. The subscription period for the warrants of series TO1 2019 will continue up until October 15, 2020. Each warrant entitles the owner to subscribe for one point eighty-four (1.84) new shares in Dicot at a price of SEK 1.42 per share after adjustment. In order for the warrants to not expire without value it is required that the owner actively subscribes for new shares at latest October 15, 2020 or sell their warrants at latest October 13, 2020.


Fortsatta studier med Pelvipharm för att generera kunskap om behandlingstider, doser samt Libiguins ® verkningsmekanism

Pressmeddelande: Uppsala, 12 oktober 2020. Som tidigare rapporterats har Dicot genomfört den första studien i samarbete med Pelvipharm SAS med tester i en modell för erektil funktion i normala råttor. Glädjande resultat visade att behandling med Dicots substans Libiguin® ger en dosberoende effekt i dessa djur. Likaså ger Sildenafil (Viagra), den referenssubstans som rutinmässigt används i denna modell, väntad effekt hos normala råttor. 


Continued studies with Pelvipharm to generate knowledge about treatment times, doses and Libiguin's® mechanism of action

Press release: Uppsala, October 12, 2020. As previously reported, Dicot has conducted the first study in collaboration with Pelvipharm SAS with tests in a model for erectile function in normal rats. Satisfactory results showed that treatment with Dicot's substance Libiguin® has a dose-dependent effect in these animals. Likewise, Sildenafil (Viagra), the reference compound routinely used in this model, displayed the expected effect on erectile functions of normal rats.


Dicot - Framsteg för Viagrautmanare - Mangold Insight analys

Mangold uppdaterar Dicot


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