Clavister receives funding for aggressive investments
Clavister has completed a private placement of over 21MSEK to the issue price of 53SEK per share. The issue corresponds to a dilution of 2%. Issue funding will be used to further accelerate solution developments in cooperation with Nokia Networks and others.
Clavister (Nasdaq: CLAV) has completed a private placement to primarily external private investors of 21,2MSEK. The issue price was 53SEK per share. The issue increased the number of shares by 400,000 which corresponds to a dilution of 2.1%. The number of shares amounts to 18,685,608 shares before the offering and 19,085,608 shares after issue.
Clavister's liquidity was 43,5MSEK at year-end 2015 and the above issue will be added to that amount. Liquidity remains good. In addition to the transaction costs payable to the NASDAQ, Clavister will have no additional costs associated with the issue and the balance sheet will remain strong.
These efforts are a direct result of the strategic agreement Clavister recently signed with Nokia Networks. The investment will ensure that Clavister can further accelerate and expand its product and business development.
Jim Carlsson, CEO, Clavister said: "The cooperation with Nokia Networks is entering an exciting new phase and opens up additional commercial opportunities with significant synergies."
For more information, please contact:
Peter Dahlander, IR contact person
46(0)8-545 298 00
Clavister is a leading security provider for fixed, mobile and virtual network environments. Its award-winning solutions give enterprises, local and federal governments, cloud service providers and telecoms operators the highest levels of protection against current and new threats, and unmatched reliability. The company was founded in Sweden in 1997, with its solutions available globally through its network of channel partners. Clavister is a member of Intel’s Network Builders program (networkbuilders.intel.com), a cross-industry initiative that enables telcos to build and manage business-critical infrastructures, with lower capital and operating costs. For more information about Clavister, visit www.clavister.com