CLX publishes prospectus for rights issue
CLX Communications AB (publ) (”CLX” or the “Company”) announced on May 13, 2016, that the Board of Directors had resolved to, subject to the approval by the Extraordinary General Meeting, launch a fully committed and guaranteed rights issue (the “Rights issue”) in order to finance part of the acquisition of all shares in Mblox Inc. The Rights issue was approved by the Extraordinary General Meeting on 7 June, 2016. The prospectus has today been approved and registered by the Swedish Financial Supervisory Authority and is now available on CLX’s website: www.clxcommunications.com .
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CLX was founded in 2008 with a mission to simplify communications globally. CLX has since then developed into a leading provider of cloud-based communications services and solutions to enterprises and mobile operators, with particular strength in the enterprise messaging market. Mobile communications services from CLX make it possible for enterprises to communicate globally with people and connected devices (Internet of Things, IoT) swiftly, securely and cost-effectively. CLX’s solutions enable business-critical communication worldwide via mobile messaging services, voice services and mobile data connectivity services for IoT. CLX has over 600 enterprise customers globally, including a large number of global blue-chip enterprises, and over 70 Communications Service Provider customers (of which approximately 60 are mobile operators) that have installed and use CLX’s internally developed software-based communications platform in their businesses.
CLX has demonstrated strong financial performance since its inception in 2008 and has increased its revenues from SEK 416 million in the twelve months ended June 30, 2013 to SEK 844 million in the twelve months ended June 30, 2015, corresponding to a compound annual growth rate of 42 per cent. For the twelve months ended June 30, 2015, CLX reported EBITDA of SEK 93 million and EBIT of SEK 89 million, corresponding to an EBIT margin of approximately 10.5 per cent.