Eversheds has assisted IP-Only Telecommunication AB in relation to a pre-emptive share issue aiming at repaying the company’s convertible debt to its convertible holders.

In total, 183,936,020 new shares have been issued, of which 1,862,450 have been paid in cash, meaning that the company has received SEK 1,862,450 as working capital. The share issue was registered with the Swedish Companies Registration Office on 2 April 2013.

The Eversheds team consisted of Jonas Bratt (responsible partner) and Caroline Wikström.

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