The preferential share was subscribed to 73.8 percent
On December 7, 2017, the subscription term of CybAero AB's preferential share issue of Units ended. The issue was subscribed to 73.8 percent, which means that CybAero will receive SEK 26.1 million after issue costs of approximately 8.1 MSEK.
- I would like to thank all shareholders who have participated in this preferential share issue and thus demonstrated their support for our business. We now have secured capital so that we can continue our journey towards becoming a complete product and service company based on world leading technology, said Michael Auerbach.
A total of 9,115,808 units were subscribed, corresponding to a value of SEK 34,184,280. 2,973,148 units were subscribed through guarantee commitments valued at SEK 11,149,305. The American principal owner Subversive Capital subscribed to 100% of their shareholding thereby increased their holding in CybAero by subscribing to 715,808 units worth SEK 2,684,280.
Shares and share capital
When the preferential share issue has been registered with the Swedish Companies Registration Office, the number of shares in CybAero will amount to 15,293,293, giving a share capital of 53,526,525.50 SEK.
Trade in BTU
Trading with payed subscribed units will take place on Nasdaq First North until the Swedish companies’ registration office has registered the preferential share issue. Registration is scheduled to take place in December 2017.
One (1) warrant entitle the holder to subscribe for one (1) new share in the Company at a subscription price of SEK 5.50 per share. Subscription of shares under the warrants shall be in accordance with the terms of the warrants during the period September 13 - September 28, 2018.
Michael Auerbach, Chairman of the Board
Telephone: 013-465 29 00
This information is information that CybAero AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18:40 CET on December 15 2017.
CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID One helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero’s head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 35 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.