Bayn conducts directed issue of SEK 97.5 million to strategic investors

The Board of Directors of Bayn Europe AB (Publ) has, with the support of authorization from the Annual General Meeting on 5 August 2020, decided on a directed cash issue of 15,000,000 shares at a subscription price of SEK 6.50 per share, which was the average volume-weighted share price during the two-week period July 28 to August 11, 2020.

The issue's anchor investors are Håkan Roos via Roosgruppen AB with approximately SEK 60 million and Handelsbankens Funds with approximately SEK 22 million and where the remaining approximately SEK 15 million is subscribed by a strategic investor consortium.Roosgruppen has a broad portfolio with several industrial-technical investments where they are an active partner and contribute to business development. As a result of the investment, they will become the company's second largest shareholder and will also enter into a lockup commitment of 12 months for the shares received in the issue and take an official advisor role in the Bayn Group.

“Håkan is an experienced entrepreneur and investor who has supported the company for a long time. He shares our vision and view on the opportunities that exist in foodtech as well as the possibilities for Bayn to become a leading group for sugar and calorie-reduced food. Handelsbanken's funds also have a solid background and experience in investing and supporting other M&A companies with similar strategic growth models as our group. It’s very exciting to add these competent and strong owners to the company.” - Peter Werme, Chairman of the Board Bayn Europe AB

Through the issue, the Company will receive SEK 97.5 million before transaction costs of approximately SEK 35,000. The subscription price has been set at SEK 6.50 per share, which was the average volume-weighted share price during the two-week period July 28 to August 11, 2020.

The purpose of the issue and the reason for the deviation from the shareholders' preferential rights is to secure financing for further upcoming acquisitions and the ongoing operations in a cost-effective and time-efficient manner. The Board's assessment is that the directed issue was carried out on favourable terms and in a short time and at a lower cost than if the offer had been directed to all owners. Overall, the Board makes the assessment that the issue is to the benefit of all shareholders.

The share issue entails a dilution of approximately 13.3 percent in relation to the total number of shares after the issue. The issue means that the number of shares in Bayn Europe will increase by approximately 15,000,000 shares to a total of 112,733,439 shares. Minor corrections to the above may be made in connection with the registration of the issue.

For further information, please contact:

Simon Petrén, Vice President and M&A manager at Bayn Europe AB (publ.)
Tel: +46 709 999 455

Email: simon.petren@bayneurope.com

This information is such information that Bayn Europe AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication on august 21st, 2020 13.30 CET.

Bayn Europe is a Swedish food-tech group, supplying cutting edge and healthy sugar reduction solutions for the food and beverage industry. Bayn’s ingredient solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar- and calorie reduced products. For more information www.bayneurope.com

Bayn is listed on Nasdaq Stockholm, First North Growth Market, under the ticker BAYN
FNCA Sweden AB is Bayn’s certified adviser. Tel: 08-528 00 399 E-mail:
info@fnca.se

About Us

Bayn Group is a Swedish food-tech group, supplying cutting edge and healthy sugar reduction solutions for the food and beverage industry. Bayn’s ingredient solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar- and calorie reduced products. For more information www.bayneurope.comBayn is listed on Nasdaq Stockholm, First North Growth Market, under the ticker BAYNFNCA Sweden AB is Bayn’s certified adviser. Tel: 08-528 00 399 E-mail: info@fnca.se

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