Addnode Group has conducted a directed share issue of 3 million class B shares
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN, HONG KONG, SWITZERLAND, SINGAPORE OR NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
The Board of Directors of Addnode Group AB (publ) (“Addnode” or the “Company”) has, based on the issue authorisation granted by the annual general meeting on 26 April 2018, and as indicated in the Company’s press release on 18 June 2018, resolved on a directed share issue of 3 million new class B shares at a price of SEK 86 per share (the “Share Issue”), which means that the Company will receive gross proceeds of approximately SEK 258 million. The price per share in the Share Issue has been determined through an accelerated bookbuilding procedure.
The Board of Directors of Addnode concludes that demand in the Share Issue was strong, as the communicated volume of approximately 3 million shares was oversubscribed by Swedish and international institutional investors shortly after the announcement of the Share Issue. The institutional investors taking part in the Share Issue include Creades, Cliens Kapitalförvaltning and Swedbank Robur. The reasons for the deviation from the shareholders' pre-emptive rights are to procure financing in a fast and effective way to enable acquisitions and continued growth, strengthen the institutional shareholder base and increase liquidity in the Company’s class B share.
The total number of shares in the Company after registration of the Share Issue will amount to 33,427,256 (987,174 class A shares and 32,440,082 class B shares). The Share Issue entails a dilution of approximately 9.0 per cent, based on the total number of Addnode shares after the Share Issue.
ABG Sundal Collier has acted as Sole Lead Manager and Bookrunner in the transaction. Cederquist acted as legal advisor to Addnode.
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 8:00a.m. on 19 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.
Tags: