Qliro — Share Issue/Capital Change 2022

Jun 8, 2022

Press Release 08 June 2022 13:15:00 CEST

QLIRO

The Board decides on a directed new share issue to incoming CEO, Christoffer Rutgersson, subject to the approval of an Extraordinary General Meeting

The Board of Directors of Qliro AB ("Qliro") has today decided on a directed new issue to Christoffer Rutgersson, subject to the approval of the Extraordinary General Meeting. Christoffer Rutgersson will commence as CEO on 1 October 2022. Christoffer Rutgersson has today subscribed for all shares and warrants that can be issued in accordance with the decision. The issue is conditional on an approval of a management assessment of Christoffer Rutgersson by the Swedish Financial Supervisory Authority.

The Board has today, subject to the approval of the Extraordinary General Meeting, decided on a directed issue of a maximum of 550 000 shares, entailing an increase in the share capital by a maximum of SEK 1 540 000, and a maximum of 748 874 warrants, entailing an increase in the share capital by a maximum of SEK 2 096 874.20. The subscription price for the shares shall be the volume-weighted share price for the company's shares on Nasdaq Stockholm on 2 June 2022. The subscription price for the warrants shall be calculated using Black & Scholes formula on basis of the volume-weighted share price for the company's shares on Nasdaq Stockholm on 2 June 2022. The warrants have a term of four years and can be exercised for subscription of new shares at a subscription price of SEK 35 during the last year of the term. The issue means that the company will receive a total of SEK 10,3 million.

The Board's resolutions shall be approved by the Extraordinary General Meeting by a resolution supported by shareholders with at least nine tenths of the votes and the shares represented at the Extraordinary General Meeting. The approval of the Extraordinary General Meeting presupposes that subscription has taken place before the Extraordinary General Meeting. The new issue is, in addition, conditional upon that the Swedish Financial Regulatory Authority approves Christoffer Rutgersson's management assessment. Christoffer Rutgersson has today subscribed for all shares and warrants that can be issued in accordance with the decision. This means that Christoffer Rutgersson has already entered into a binding commitment to acquire the shares and warrants. Payment must be made within one week of the Extraordinary General Meeting's approval of the issue resolution.

The purpose of the directed new share issue is to create an ownership interest for Qliro's new CEO and thus create a common interest between the company's shareholders and Christoffer Rutgersson, which the Board deems to be beneficial to the company in the long term.

The new issue of shares implies a dilution of the number of shares and votes of 2.97 percent and does not entail any significant costs for the company. The new issue of warrants corresponds to a dilution of the number of shares and votes of 4.00 percent assuming that all warrants are exercised for subscription of new shares and does not entail any significant costs for the company.

Qliro's board of directors intends to convene an Extraordinary General Meeting during the coming days.

For further information, please contact:

Erik Kronqvist, Investor Relations, ir@qliro.com

Qliro AB

Sveavägen 151

113 46 Stockholm

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Press Release

08 June 2022 13:15:00 CEST

QLIRO

About Qliro AB

Founded in 2014, Qliro is a tech company offering flexible payment solutions for e-commerce merchants in the Nordics and digital financial services to consumers in Sweden. Since inception 2014, Qliro has grown quickly and in the last year 2.5 million customers have used Qliros services and business volumes with Qliros payment products exceeded SEK 7.1 billion. The largest owners are Rite Ventures with 26% ownership and Mandatum Private Equity (Sampo owned company) with 10% ownership.

Qliro is listed on Nasdaq Stockholm since October 2020 with the ticker "Qliro". Qliro has its registered address in Stockholm and is a credit market company under supervision of the Swedish Financial Supervisory Authority (FI). For more information see https://www.qliro.com/en/investor-relations

This information is information that Qliro AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-06-08 13:15 CEST.

Attachments

The Board decides on a directed new share issue to incoming CEO, Christoffer Rutgersson, subject to the approval of an Extraordinary General Meeting

Qliro AB

Sveavägen 151

113 46 Stockholm