TalkPool is conducting a new share issue of SEK 10 million to support acquisitions and improve share liquidity
This information is information that Talkpool is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 16.10 CET on 12 October, 2016.
TalkPool has, with the authorization of the AGM at the 4 of March 2016, decided to conduct a new share issue of the amount of SEK 10 million. The share issue consists of a maximum of 222,222 B-shares to the price of SEK 45 per share. The share issue is directed to the public to improve share liquidity and finance ongoing acquisition activity.
TalkPool have decided to increase the funding of the company and expand its growth ambitions even further, both organically and through acquisitions. The acquisition of Camouflage B.V., which was announced on the 29 of September 2016, was one example of Talkpool’s current M&A opportunities. The Company is currently engaged in other well advanced negotiations within both IoT and Network Services. Another reason for the new share issue is to achieve a better spread of share ownership to new shareholder groups, with a better share liquidity as a benefit for all TalkPool shareholders.
“The vast interest for subscription in the IPO gives us the opportunity to proceed with our dedicated growth strategy. We continue to evaluate M&A cases in several geographical markets to identify and evaluate potential acquisition candidates, within both Network Services and IoT. We see this complementary issue of new shares as another step in the direction of our vision – to be the most respected and successful technology partner in the telecom services and the IoT-industry”, says Erik Strömstedt, CEO of TalkPool.
The new shares issue is addressed to the public, without preferential rights for existing shareholders. The offer comprises of 222 222 B-shares at most and 111 111 B-shares at least. Upon fully completed issuance the Company will receive SEK 10 000 000. The Offer Price for the Offer has been determined to SEK 45 per share. The Offer Price is the net price after a discount of 10 % on the closing share price per October 7, or a 12 % discount on the average market share price over the last 20 trading days on Nasdaq First North. Application is through Nordnet and can be made up until October 23, 2016.
For further information, please visit www.talkpool.com or contact:
Erik Strömstedt, CEO, tel: +41 79 790 60 40
Hanna Rubensson, CFO tel: +46 73 140 48 40
TalkPool builds, maintains and improves telecommunication networks globally. Through its cutting-edge technical expertise, long experience and agile business model, TalkPool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, TalkPool is one of few companies with actual solutions and contracts in place in the exciting IoT-market. Remium Nordic AB is TalkPool’s Certified Advisor.