Transport company Movebybike is carrying out two directed set-off share issues totaling approximately 180.4 million shares. The issues reduce the company’s indebtedness by approximately SEK 2.63 million by converting loans into equity.The first issue comprises approximately 80.6 million shares at a subscription price of SEK 0.013285 per share. The second comprises approximately 99.8 million shares at a subscription price of SEK 0.015629 per share. After the issues, the number of shares in the company increases by approximately 7 percent to approximately 2.76 billion shares, which means dilution of approximately 6.5 percent for existing shareholders."It is positive that through these issues we further strengthen the balance sheet and at the same time reduce the Company’s indebtedness without burdening liquidity. It is also a sign of strength that lenders choose to convert their receivables into shares and thereby continue to be involved in the Company’s continued development" says Fredrik Videlycka, CEO of Movebybike.