AXA - Increase in share capital related to the Tranche 1 of the private placement
Oslo, October 18 2016 - Reference is made to the stock
exchange announcement from Axactor AB ("Axactor" or the
"Company") published 13 October 2016 regarding the
successfully completed private placement of 230,000,000 new
shares (the "Private Placement Shares") at a price of NOK
2.60 per share (the "Private Placement"). Carnegie and DNB
Markets (the "Managers") acted as joint bookrunners in the
Private Placement.
The Private Placement is divided into i) a Tranche 1
consisting of 71.7 million Private Placement Shares, and ii)
a Tranche 2 consisting of 158.3 million Private Placement
Shares.
The Company has received confirmation that the share capital
increase of SEK 35,861,946 divided into 71,723,893 Private
Placement Shares related to Tranche 1 of the Private
Placement has been registered by the Swedish Companies
Registry. The 71,723,893 Private Placement Shares are
consequently tradeable. The new registered share capital of
Axactor is consequently SEK 509,106,331 divided into
1,018,212,662 shares, each with a par value of SEK 0.50.
The payment and registration of the Private Placement Shares
has been done based on pre-funding from the Managers. As
previously announced, the Company and the Managers 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
Managers 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 19 October 2016.
The Tranche 2 Private Placement shares are tradable 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 November 2016. 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.
Please see the stock exchange notice from Axactor on 17
October 2016 for further details regarding the subsequent
offering of 50,000,000 new shares directed towards
shareholders in the Company as of close of trading on 12
October 2016 and as registered in the VPS on 14 October 2016
(the "Record Date") who were not allocated shares in the
Private Placement, whether they had subscribed for shares in
the Private Placement or not, and who are not resident in a
jurisdiction where such offering would be unlawful, or would
(in jurisdictions other than Sweden or Norway) require any
prospectus filing, registration or similar action (the
"Eligible Shareholders").
For further information, please contact:
Endre Rangnes
Chief Executive Officer
Mail: endre.rangnes@axactor.com
Tel: +46 8 402 28 00
Cell Phone: +47 48 22 11 11
Geir Johansen
Chief Financial Officer
Mail: geir.johansen@axactor.com
Cell Phone: +47 477 10 451
Cautionary Statement: Statements and assumptions made in this
document with respect to Axactor AB's ("Axactor") current
plans, estimates, strategies and beliefs, and other
statements that are not historical facts, are forward-looking
statements about the future performance of Axactor. Forward-
looking statements include, but are not limited to, those
using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans",
strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions
in light of currently available information. They are subject
to a number of risks and uncertainties, including, but not
limited to, (i) changes in the economic, regulatory and
political environments in the countries where Axactor
operates; (ii) changes relating to the statistic information
available in respect of the various debt collection projects
undertaken; (iii) Axactor's continued ability to secure
enough financing to carry on its operations as a going
concern; (iv) the success of its potential partners, ventures
and alliances, if any; (v) currency exchange rate
fluctuations between the SEK and the currencies in other
countries where Axactor or its subsidiaries operate. In the
light of the risks and uncertainties involved in the debt
collection business, the actual results could differ
materially from those presented and forecast in this
document. Axactor assumes no unconditional obligation to
immediately update any such statements and/or forecasts.