AcadeMedia’s rights issue oversubscribed
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG, SWITZERLAND, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES BESIDES THOSE REQUIRED BY SWEDISH LAW. ADDITIONAL RESTRICTIONS APPLY, PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
The result for AcadeMedia’s rights issue, for which the subscription period ended December 14, 2017, shows that 10,486,676 shares, corresponding to 99.7 percent of the offered shares, were subscribed to using subscription rights. Additionally, subscription applications, corresponding to 17,378,773 shares have been received for subscription without the use of subscription rights, where 27,212 shares have been allotted. Consequently, the issue guarantee from Mellby Gård has not been utilized. Through the rights issue AcadeMedia will receive approximately SEK 410 million before issue costs.
The 27,212 shares that have not been subscribed using subscription rights have been allotted to other subscribers in accordance with the principles outlined in the prospectus. Notice is sent only to those who have received such allocation. Nominee registered shareholders receives notice of allocation according to each nominee’s routines.
Through the rights issue, AcadeMedia’s share capital will increase with SEK 10,513,888 to SEK 105,303,885 and the total number of shares will increase with 10,513,888 shares to 105,303,885 shares when the rights issue has been registered with the Swedish Companies Registration Office.
The new shares subscribed in the rights issue are expected to be subject for trade on Nasdaq Stockholm around December 29, 2017.
Carnegie Investment Bank AB is acting as AcadeMedia’s financial advisor and Advokatfirman Vinge is acting as legal advisor to AcadeMedia in connection with the rights issue.
For more information, please contact:
Eola Änggård Runsten, CFO
Telephone: +46 8 794 4240
E-mail: eola.runsten@academedia.se
Christian Hall, Investor Relations
Telephone: +46 763 111 242
E-mail: christian.hall@academedia.se
About AcadeMedia
AcadeMedia creates opportunities for people to develop. The 15,000 employees at our 600 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 160,000 children, students and adults are provided with a high quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe´s largest education company, with locations/facilities/presence in Sweden, Norway and Germany. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.academedia.se.
Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in AcadeMedia. No action has been taken and measures will not be taken to permit a public offering in any jurisdictions other than Sweden. Any invitation to the persons concerned to subscribe for shares in AcadeMedia have only been made through the prospectus that AcadeMedia published on November 23, 2017.
The information in this press release may not be released, published or distributed, directly or indirectly, in or into the United States (including its territories and provinces, every state in the United States and the District of Columbia), Canada, Australia, Japan, Hong Kong, Switzerland, New Zealand, Singapore, South Africa or any other jurisdiction in which such action is subject to legal restrictions or would require other measures than those required by Swedish law. Actions in violation of these restrictions may constitute a violation of applicable securities laws.
No shares or other securities in AcadeMedia have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no shares or other securities may be offered, sold or otherwise transferred, directly or indirectly, in or into the United States, except under an available exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States.