Bambuser publishes outcomes in the rights issue
On April 24, 2019, the subscription period for the rights issue in Bambuser AB was terminated. The issue amounting to approximately SEK 13 million has been fully subscribed.
The final calculation of the outcome shows that 6 501 912 shares, corresponding to 28,6 percent, were subscribed with the support of subscription rights and 161 340 shares, corresponding to 0,7 percent, were subscribed without the support of subscription rights. Remaining 16 098 995 shares, corresponding to 70,7 percent of the issue, are subscribed for by the underwriters. The rights issue is thus subscribed to 100 percent.
The issue will give Bambuser AB approximately SEK 13 million before deduction for issue costs.
The company's share capital increases by SEK 1 138 112.30 from SEK 758 741.55 to SEK 1 896 853.85 by issuing 22 762 246 new shares, which increases the total number of shares from 15 174 831 to 37 937 077. The estimated settlement date for settlement notes regarding subscription without priority is 2 May 2019.
Trading in paid subscribed shares (BUSER BTA) takes place on First North Stockholm until since the Swedish Companies Registration Office has registered the new share issue. This registration is expected to take place in early May 2019.
Certified Advisor
Västra Hamnen Corporate Finance AB | 040-20 02 50 | ca@vhcorp.se
Contact information
Fredrik Ramberg, Chairman of the board | +46 (0) 703 620 815 | fredrik@ramadvisor.se
Maryam Ghahremani, CEO | +46 (0) 708 720 266 | maryam@bambuser.com
or visit: bambuser.com/ir
About Bambuser AB
Bambuser is a Swedish software company that offers B2B solutions for live video. Since 2007, the Company has developed a platform for interactive live video broadcasts enabling live video streaming from mobile phones and web cams to the Internet. The breakthrough occurred in 2010, when the Company’s service was used to report the unrest in Egypt during the parliamentary elections. The following year, videos were produced via Bambuser and used in several television broadcasts throughout the world during the Arab Spring.
Bambuser’s live streaming technology has over the years been installed in more than 50 million devices and millions of news consumers through companies like CNN, BBC, Al Jazeera, Sky News Arabia, etc. Since 2014, Bambuser has chosen to focus on B2B, Business-to-Business, to increase the spread of the company’s products and strengthen its long-term revenue potential. Among the customers are companies as AP, Schibsted/Aftonbladet, NRK & Ilta-Sanomat.