Report from the Extraordinary General Meeting of Beijer Electronics Group AB (publ)

Today's Extraordinary General Meeting in Beijer Electronics Group AB (publ) resolved to amend the articles of association and approved the Board of Directors’ resolution on 14 July 2017 to carry out a new share issue with referential rights for the shareholders of the company.

For the purpose of enabling the rights issue that was subject to approval by the general meeting, the meeting first resolved in accordance with the Board’s proposal on amendment of the limits for the share capital in the articles of association. The limits of the share capital were amended from no less than SEK 2,000,000 and no more than SEK 8,000,000 into no less than SEK 5,000,000 and no more than SEK 20,000,000.

The general meeting thereafter resolved to approve the resolution by the Board of Directors on 14 July 2017 to issue new shares with preferential rights for the existing shareholders. According to the terms set by the Board of Directors, as announced on 28 August 2017, each share in Beijer Electronics Group held on the record date for participation in the rights issue on 5 September 2017, entitles to one (1) subscription right and two (2) subscription rights entitle to subscription for one (1) new share. The subscription price has been set to SEK 23.60 per share, which represents total rights issue proceeds of approximately MSEK 225 before transaction costs. The subscription period will run from 7 September until 22 September 2017, with a right for Board of Directors to extend the subscription period. By the new share issue, the company’s share capital shall be increased by not more than SEK 3,177,931 through the issuance of a maximum number of 9,533,793 new shares.

Additional information regarding the rights issue will be included in the prospectus expected to be published around 4 September 2017.

The minutes from the extraordinary general meeting will be available on the company’s webpage, www.beijergroup.com.

Important notice

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 Beijer Electronics Group. Any invitation to the persons concerned to subscribe for shares in Beijer Electronics Group will only be made through the prospectus that Beijer Electronics Group estimates to publish on or around September 4, 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), Australia, Hong Kong, Japan, Canada, New Zeeland, Switzerland, Singapore or 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.

This press release does not contain or constitute an offer to acquire or subscribe to securities in the United States. No subscription rights, BTAs (interim shares) or shares have or 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 may not be offered, subscribed, sold or otherwise transferred, directly or indirectly, in or within the United States, other than pursuant to an exemption from, or in a transaction that is not subject to, the registration requirements under the U.S. Securities Act and in accordance with the securities legislation in the relevant state or any other jurisdiction of the United States. Beijer Electronics Group does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering in the securities in the United States.

For more information please contact:

President and CEO, Per Samuelsson, tel 46 (0)40 35 86 10, mobile 46 (0)708 58 54 40
CFO Joakim Laurén, tel 46 (0)40 35 84 96, mobile 46 (0)703 35 84 96.

Beijer Electronics Group is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics Group has evolved into a multinational group with sales over 1.1 billion SEK 2016. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijergroup.com

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Beijer Electronics Group is a high-tech innovator active in smart automation and networks. The Group’s open software, hardware and IIoT solutions help customers optimize processes and create reliable secure communication, complete with leading-edge user experiences. Since its start-up in 1981, Beijer Electronics Group has evolved into a multinational group with sales 1.2 billion SEK 2017. The company is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. www.beijergroup.com

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