Aspiro’s rights issue fully subscribed
This press release may not be announced, published or distributed, directly or indirectly, in the United States, Australia, Canada, Singapore, South Africa, Switzerland, Japan or Hong Kong or in any other jurisdiction in which the announcement, publication or distribution of this press release would not comply with applicable laws and regulations.
The new share issue in Aspiro AB (publ) (”Aspiro” or the ”Company”) with preferential rights for the Company’s shareholders, for which the subscription period ended on 3 September 2012 (the ”Rights Issue”), has been fully subscribed. The Rights Issue will provide Aspiro with approximately SEK 103 million before costs related to the Rights Issue (The costs related to the Rights Issue are estimated to amount to approximately SEK 3 million.). Following the Rights Issue the number of shares in Aspiro will increase by 137,506,677 shares from 206,260,016 shares to a total of 343,766,693 shares and the share capital will increase by SEK 92,038,719.1832 from SEK 138,058,073.94 to SEK 230,096,793.1232.
134,155,403 shares, corresponding to approximately 97.6 per cent of the Rights Issue, have been subscribed for with subscription rights and 3,351,274 shares, corresponding to approximately 2.4 per cent of the Rights Issue, have been subscribed for without subscription rights. Persons that have subscribed for shares without subscription rights have been allocated shares in accordance with the principles outlined in the prospectus that has been compiled in relation to the Rights Issue and was made public on 15 August 2012.
New shares subscribed for by the exercise of subscription rights are expected to start trading on Nasdaq OMX Stockholm on or around 12 September 2012. Trading in shares subscribed without preferential right is expected to start on or around 19 September 2012.
Advisors
Pareto Öhman AB is acting as financial advisor and Mannheimer Swartling as legal advisor to Aspiro in connection with the Rights Issue.
For further information please contact:
Gunnar Sellæg, CEO, +47 90 18 15 28
This press release contains information that Aspiro is required to announce pursuant to the Swedish Securities Market Act (2007:528). The information was submitted for publication 08.00 AM, 6 September 2012.
About Aspiro AB
Aspiro has a unique position as the world’s only provider of complete TV and music streaming services for partners that want to put their own brands on the service. Aspiro also provides the music streaming service WiMP directly to consumers on selected markets. Aspiro has more than ten years’ experience within the provision of mobile services to consumers in northern Europe. Services are delivered to partners worldwide like Deutsche Telekom, Telenor, 3 and Canal Digital. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm.
IMPORTANT INFORMATION
This press release does not constitute an offer to buy shares in Aspiro. A prospectus for the Rights Issue described in this press release has been approved by, and registered with, the Swedish Financial Supervisory Authority. The distribution of this press release in certain jurisdictions may be restricted. This press release does not constitute an offer of, or an invitation to purchase, any securities of Aspiro 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. Aspiro does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The information in this press release may not be announced, published or distributed, directly or indirectly, to the United States, Canada, Australia, Singapore, South Africa, Switzerland, Japan or Hong Kong or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.
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