Exercise of over-allotment option in Volati

Exercise of over-allotment option in Volati

Carnegie and Nordea (together “Joint Global Coordinators”) have today notified Volati AB (publ) (“Volati” or the “Company”) that the over-allotment option has been exercised in full in respect of 1,896,551 new common shares in Volati.

In connection with the initial public offering of Volati (the “IPO”), the Company granted Nordea, as stabilisation agent for Joint Global Coordinators, an over-allotment option to subscribe for additional 1,896,551 new common shares in the Company, corresponding to up to 10 percent of the total number of common shares comprised in the offering, to be used to cover over-allotment of shares. The Joint Global Coordinators have today exercised the over-allotment option in full and Volati have received issue proceeds of SEK 1,210 million before issue costs. No stabilisation has been carried out since the IPO, and as a result of Volati’s common share price development, the Joint Global Coordinators have decided to end the stabilisation period.

Following exercise of the over-allotment option the total number of common shares in Volati amount to 80,406,571 shares. The offering in connection to the IPO including the over-allotment option have thus comprised 20,862,069 common shares, which corresponds to a dilution of 25.4 percent of the previous number of common shares and 25.9 percent of the previous number of votes in Volati.

Volati’s largest common shareholders after exercise of the over-allotment option are Karl Perlhagen (42.8 percent of the total number of common shares in Volati), Patrik Wahlén (23.7 percent), Didner & Gerge Funds (5.4 percent), The Fourth Swedish National Pension Fund (4.3 percent) and Handelsbanken Funds (3.2 percent).

For further information, please contact:

Mårten Andersson, CEO of Volati AB, +46 (0)72-735 42 84, marten.andersson@volati.se 

Mattias Björk, CFO Volati AB, +46 (0)70-610 80 89, mattias.bjork@volati.se 

Volati AB (publ)

Engelbrektsplan 1, SE-114 34 Stockholm, Sweden

Tel: +46 (0)8-21 68 40, e-mail: info@volati.se, Corp. Reg. No. 556555-4317

This information is such that Volati AB is obliged to disclose under the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 5.45 p.m. CET on 9 December 2016. 

Mårten Andersson, VD Volati AB, +46 72-735 42 84, marten.andersson@volati.se

Volati AB (publ) 

Engelbrektsplan, 114 34 Stockholm, Sweden, Phone: +46 8-21 68 40  

About Volati

Volati is a Swedish industrial group formed in 2003, comprising some 40 operating companies divided into 13 business units organised in three business areas: Trading, Consumer and Industry. Volati acquires mainly companies with proven business models, leading market positions and strong cashflow at reasonable valuations and develops these with an emphasis on long-term value creation. Volati’s strategy is to build on the identity and entrepreneurial spirit of the companies, adding, leadership, expertise, processes and financial resources. Volati has operations in 15 countries, with a total of about 1,300 employees and annual sales of approximately SEK 3bn. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.