BE Group’s rights issue of MSEK 260 oversubscribed
The new share issue in BE Group with preferential rights for the company’s shareholders, for which the subscription period ended on 4 June 2015, has been oversubscribed. 97 percent of the shares offered have been subscribed for with subscription rights and 3 percent of the shares offered have been allocated to persons who have notified a wish to subscribe for additional shares in addition to what they subscribed for with subscription rights. In total, such notifications have been received corresponding to an amount of approximately MSEK 110, or 42 percent of the shares offered. Hence, the rights issue guarantee undertakings have not been made use of.
Allocation of shares that were subscribed for without subscription rights has been made in accordance with the principles outlined in the prospectus that has been prepared in connection with the rights issue and that was published on 15 May 2015. Notification regarding such allocation will within short be sent to those who have been allocated shares.
Through the rights issue, BE Group receives MSEK 259.7 before deduction of transaction costs. The share capital will increase by SEK 185,474,367 to SEK 260,202,495 and the number of shares will increase by 185,474,367 shares to 260,202,495 shares. Trading in the new shares on Nasdaq Stockholm is expected to commence during week 27, 2015.
Financial and legal advisors
Erik Penser Bankaktiebolag is acting as financial advisor and Mannheimer Swartling Advokatbyrå AB is acting as legal advisor to BE Group in connection with the rights issue.
For further information, please contact:
Lars Engström, Acting President and CEO
tel.: +46 (0)734-11 79 01 e-mail: email@example.com
Andreas Karlsson, CFO
tel.: +46 (0)709-48 22 33 e-mail: firstname.lastname@example.org
BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2014, the Group reported sales of SEK 4.2 Bn. BE Group has approximately 750 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com
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