Yahoo Finance

Interim Report January – March 2023

First quarter 2023

• Net sales for the quarter amounted to MSEK 13 (18)

• Gross for the quarter decreased to 74% (91%)

• Operating loss decreased to MSEK -14 (-10)

• Earnings per share before and after dilution decreased to SEK -0.12 (-0.04)

• Events after the reporting period

  • On April 5, Anoto announced that it is in late-stage discussions regarding a potential order of several hundred thousand pens. In order to finance a timely delivery of pens regarding the potential order and improve financial position, the Board of Anoto resolved to carry out a directed share issue of 20 million SEK and a rights issue amounting to in total approximately SEK 20 million. The rights issue is guaranteed to 50 per cent and both the directed issue and the rights issue was approved by an Extraordinary General Meeting. The Board of Anoto resolved on the issue of 50 million new ordinary shares with deviation from the shareholders preferential rights, raising proceeds of SEK 20 million before transaction related costs. The Directed Issue was subject to the approval by the EGM, which was held on 4 May 2023. The new shares were subscribed for by Beof Company Ltd., a Korean company affiliated with Mr. KC Kim., who was previously associated with AIITONE Co Ltd, the largest shareholder of Anoto. The subscription price was determined based on the closing price of the Company's ordinary share on Nasdaq Stockholm on April 4, 2023 of SEK 0.4 per share, which meant that the subscription price corresponded to a premium of approximately 2.6 percent. The new shares in the Directed Issue corresponds to approximately 15.1 percent of the total number of shares in the Company after dilution also including the new shares issued in the Rights Issue (see below). The Board of Anoto resolved on a new issue of ordinary shares with preferential rights for the existing shareholders, raising proceeds of approximately SEK 20 milllion before transaction related costs. The Rights Issue was subject to the approval by the EGM, which was held on 4 May 2023. In the Rights Issue, Anoto’s current shareholders will have a preferential right to subscribe for new shares in proportion to the number of shares held on the record date, which is expected to be 10 May 2023. The subscription price has been set to SEK 0.40 per share and the Rights Issue comprises approximately 50 million ordinary shares. Shares which are subscribed for without preferential rights will be offered to current shareholders and other investors who have applied to subscribe for new shares without preferential rights. The subscription period is expected to run from 12 May 2023 to 6 June 2023 (Johannes, is this correct?). The new shares in the Rights Issue correspond to approximately 15.1 percent of the total number of shares in the Company after dilution also including the new shares issued in the Directed Issue. Information regarding the listing of the shares in the Issues, as well as other information regarding the Company, will be provided in the prospectus that is planned to be published in May 2023.