Storytel intends to carry out a directed share issue through an accelerated book building process
INSIDE INFORMATION: Storytel AB (publ) (“Storytel” or the “Company”) intends to carry out a directed issue of up to approximately 5.4 million shares through an accelerated book building procedure (the “Directed Issue”). The Directed Issue will be directed to Swedish and international institutional investors. The proceeds from the Directed Issue will inter alia be used for the Company’s accelerated investments in content production, sales and marketing as well as to finance potential future acquisition opportunities in accordance with the Company’s communicated expansionary strategy. Storytel