Axactor AB - Increase in share capital related to Tranche 1 of the Private Placement
Oslo, 17 August 2017 - Reference is made to the stock exchange announcement from Axactor AB ("Axactor" or the "Company") published 14 August 2017 regarding the successfully completed private placement of 240,000,000 new shares (the "Private Placement Shares") at a price of NOK 2.49 per share (the "Private Placement"). DNB Markets, a part of DNB Bank ASA, acted as manager for the Private Placement (the "Manager").
The Private Placement is divided into i) a Tranche 1 consisting of 75.6 million Private Placement Shares, and ii) a Tranche 2 consisting of 164.4 million Private Placement Shares.
The Company has received confirmation that the share capital increase of EUR 3,957,079.30 divided into 75,600,000 Private Placement Shares related to Tranche 1 of the Private Placement has been registered by the Swedish Companies Registry. The 75,600,000
Private Placement Shares are consequently tradeable. The new registered share capital of Axactor is EUR 70,771,461.35 divided into 1,352,088,769 shares.
The payment and registration of the Private Placement Shares has been done based on pre-funding from the Manager. As previously announced, the Company and the Manager have entered into an agreement related to pre-funding of the payment for the Private Placement Shares (the "Pre Funding Agreement"). The Pre Funding Agreement regulates inter alia certain rights and obligations of the Company and the Manager related to the pre-funding.
The Private Placement Shares in Tranche 1 will be settled through a delivery versus payment transaction expected on or about 18 August 2017.
The Private Placement Shares in Tranche 2 are tradeable once the share capital has been registered in the Swedish Companies Registry and the listing prospectus has been approved by the Swedish Financial Supervisory Authority and published, expected within September 2017. The Private Placement Shares in Tranche 2 will be settled through a delivery versus payment transaction following the registration of the share capital and approval of the prospectus.
For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com
or
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com
www.axactor.com
About Axactor
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 888 employees.