Addnode Group explores the conditions for conducting a directed share issue of class B shares
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, SOUTH AFRICA, AUSTRALIA, HONG KONG, SWITZERLAND, SINGAPORE, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Addnode Group AB (publ) (“Addnode”) or the (“Company”) has appointed ABG Sundal Collier to explore the conditions for conducting a directed share issue of up to 3 million class B shares (the “Share Issue”) through an accelerated bookbuild procedure (the “Bookbuilding”). If conducted, the Share Issue will be directed towards Swedish and international institutional investors, and be executed under the authorisation given by the annual general meeting on 26 April 2018. The purpose of the Share Issue is to enable further acquisitions and continued growth, strengthen the institutional shareholder base, and increase liquidity in the Company’s class B share.
The Share Issue is, among other things, subject to a resolution following the close of the Bookbuilding by the board of directors of Addnode, under the authorisation given by the annual general meeting on 26 April 2018 to issue new shares,. The Board of Directors can choose to terminate the Bookbuilding and refrain from executing the Share Issue.
This information is insider information that Addnode Group AB (publ) is required to publish in accordance with the EU market abuse regulation. The information was submitted for publication through the contact person stated below, at 17:31, 18th of June 2018.
Important information
The release or distribution of this press release may, in certain jurisdictions, be subject to restrictions according to law and people in those jurisdictions, in which this press release has been announced or distributed, should inform themselves of and follow such legal restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Addnode in any jurisdiction.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. The information in this press release may not be announced, published or distributed to the United States, Canada, Australia, South Africa, Japan, Hong Kong, Switzerland, Singapore, New Zealand or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.
This press release is not a prospectus. Addnode has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus has been prepared or will be prepared in connection with the directed new share issue
For more information, please contact:
Johan Andersson, CEO, Addnode Group
Tel: +46 (0) 70 420 58 31, e-mail: johan.andersson@addnodegroup.com
About Addnode Group
Addnode Group acquires, operates and develops entrepreneur-driven companies that supply software and services to markets in which we have or can achieve a leading position. We are one of Europe’s leading suppliers of software and services for design, construction and product data information, and a leading supplier of document and case management systems to public sector clients in Sweden and Norway.
We are 1,500 employees in Sweden, Germany, U.K., Australia, Denmark, Finland, India, Canada, the Netherlands, Norway, Serbia, Slovakia, South Africa, USA, and Austria. Net sales in 2017 amounted to SEK 2,520 million. Addnode Group's Series B share is listed on Nasdaq Stockholm. For more information, please visit www.addnodegroup.com.
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