Enea completes a directed share issue of SEK 141 million

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN, HONG KONG, SWITZERLAND, SINGAPORE OR NEW ZEALAND OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF ENEA.

Enea AB (publ) (“Enea”) has, based on the authorization given by the annual general meeting of Enea on May 9, 2017, and in accordance with what Enea indicated in its press release on October 25, 2017, resolved to carry out a directed share issue of 1,786,000 shares to qualified investors at a subscription price of SEK 79 per share. The subscription price has been determined through a so-called accelerated book-building procedure.

The directed issue has been subscribed by selected Swedish and European qualified investors, including Swedbank Robur Fonder Ny Teknik and DNB Asset Management. The reason for the deviation from the shareholders’ pre-emptive rights is to, in a timely and cost efficient manner, increase Enea’s financial flexibility for further value-creating investments and acquisitions. Through the share issue, Enea will obtain approximately SEK 141 million before transaction costs. Enea primarily intends to use the proceeds to strengthen the company’s market position and long-term earnings by way of acquisitions.

After the share issue, the total number of shares and votes in Enea will amount to 19,650,231. The share issue entails a dilution effect of approximately 9 percent based on the total number of shares in Enea after the share issue.

In conjunction with the share issue, Enea has mandated ABG Sundal Collier as Sole Lead Manager and Bookrunner.

Contact

Anders Lidbeck, President & CEO

Tel: +46 8 507 140 00

E-mail: anders.lidbeck@enea.com

About Enea

Enea is a global supplier of network software platforms and world class services, with a vision of helping customers develop amazing functions in a connected society. We are committed to working together with customers and leading hardware vendors as a key contributor in the open source community, developing and hardening optimal software solutions. Every day, more than three billion people around the globe rely on our technologies in a wide range of applications in multiple verticals – from Telecom and Automotive, to Medical and Avionics. We have offices in Europe, North America and Asia, and are listed on Nasdaq Stockholm. Discover more at www.enea.com and start a conversation at info@enea.com.

Enea®, Enea OSE®, Netbricks®, Polyhedra®, Zealcore®, Enea® Element, Enea® Optima, Enea® LINX, Enea® Accelerator,  Enea® dSPEED Platform and COSNOS® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Polyhedra® Lite, Enea® System Manager, Enea® ElementCenter NMS, Enea® On-device Management and Embedded for LeadersTM are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2017. 

Important information        
The announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Enea 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. The information in this press release may not be copied or distributed, directly or indirectly, to the United States, Canada, Australia, South Africa, Japan, Hong Kong, Switzerland, Singapore or New Zealand or in any other jurisdiction where the announcement of the information would not comply with applicable laws and regulations.

This press release is not a prospectus for the purposes of Directive 2003/71/EC. Enea has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the directed share issue.