The Supervisory Board of J. Molner AS (hereinafter the Company) decided on 17 December 2025 to increase the Company's share capital by EUR 185,000. The share capital increase is related to the transaction approved by the shareholders' resolution on 4 December 2025, whereby the creditor of the Company and its subsidiary, The J. Molner Company OÜ, Matthew J. Halvorsen, will transfer his claims arising from loan agreements in the amount of EUR 4,979,790 to the Company and, in return, will acquire up to 9.9% ownership in the Company.
A total of 185,000 shares with a nominal value of EUR 1 each will be issued. Matthew J. Halvorsen must pay in total EUR 4,979,790 for the shares, of which EUR 4,794,790 is share premium. After the increase, the Company's new share capital will be EUR 1,871,001. Matthew J. Halvorsen will pay for the shares by making a non-monetary contribution, partially transferring his claims arising from loan agreements to the Company.
The pre-emptive right of the Company's shareholders to subscribe for shares has been excluded by the decision of 4 December 2025.
The new shares issued during the increase of share capital will confer the right to dividends for the financial year commencing on 1 January 2025 and subsequent financial years.
For additional information please contact:
Sten Akel
J. Molner AS
CFO
+372 550 5259
s.akel@jmolner.com