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  • DDM Holding AG raises gross SEK 130 million in new equity. DDM’s shares are set to commence trading on Nasdaq OMX First North on 5 August 2014
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DDM Holding AG raises gross SEK 130 million in new equity. DDM’s shares are set to commence trading on Nasdaq OMX First North on 5 August 2014

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Not for release, publication or distribution, directly or indirectly, in the United States, Australia, Canada, Hong Kong or Japan, or any other jurisdiction in which the distribution or announcement would be unlawful or require additional measures.

On 13 June 2014, DDM Holding AG ("DDM" or the "Company) announced its intention to evaluate a possible equity raising and subsequent listing on Nasdaq OMX First North.

On 30 July 2014, the Board of Directors of DDM Holding AG resolved to issue 2,600,000 new shares through a directed new share issue to international institutional investors and qualified investors (the "Private Placement"). The price of the new shares was set at SEK 50 per share, corresponding to a gross equity raising of SEK 130M. DDM will have a total of 7,100,000 shares following the issue. The offer of SEK 98.8M was oversubscribed. An option of an additional equity raising of SEK 31.2M was thus exercised.

DDM intends to use the proceeds from the Private Placement to accelerate its investments in portfolios of distressed assets in Eastern Europe.

DDM has received approval from Nasdaq OMX to have its shares commence trading on Nasdaq OMX First North with an estimated first day of trading on or about 5 August 2014. The shares are scheduled to begin trading on Nasdaq OMX First North under the ticker symbol "DDM" (ISIN: CH0246292343).

A company description will be published on DDM’s website (www.ddm-group.ch).

Pareto Securities AB acted as sole manager and bookrunner in connection with the Private Placement and the subsequent listing on Nasdaq OMX First North. Mannheimer Swartling Advokatbyrå AB acted as DDM’s Swedish legal advisor and Meyerlustenberger Lachenal acted as DDM’s Swiss legal advisor in connection with the Private Placement. Hammarskiöld & Co acted as legal advisor to Pareto Securities AB.

For more information, please contact:

Anders Antonsson, Investor Relations
Mail: a.antonsson@ddm-group.ch | Tel: +46 8 4080 9030

Gustav Hultgren, CEO of DDM Holding AG
Tel: +46 8 4080 9030

Tags:

First North DDM

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