Everysport Group takes possession of the shares in Hippson and carries out a directed issue of shares
The board of directors of Everysport Group AB (publ) ("Everysport") has today, based on the authorization granted by the annual general meeting on May 11, 2023, decided on a directed share issue of 166,666 shares in connection with the previously communicated and completed acquisition of Hippson Aktiebolag ("Hippson"). The share issue has been directed to Perlavita AB ("Perlavita"), the seller in the transaction. Payment for the shares has been made by offsetting the purchase price promissory note of SEK 2.5 million. The subscription price of approximately SEK 15 per share is based on arm's length negotiations between Everysport and Perlavita and represents a premium of approximately 53 percent compared to EG's closing price on July 3, 2023.
The Board of Directors of Everysport assesses that the subscription price reflects current market conditions and demand. Everysport has today taken possession of the shares in Hippson and Perlavita has today subscribed for and been allocated the 166,666 newly issued shares in Everysport. The purpose of the share issue and the deviation from the shareholders' preferential rights is to ensure Everysport's commitment under the share transfer agreement entered into with Perlavita on July 4, 2023, regarding the shares in Hippson. It is of strategic importance for Everysport to include Perlavita as a new shareholder and incorporate Hippson's operations within the Everysport Group. The board's assessment is that a directed share issue ensures the most time- and cost-effective financing for the acquisition of Hippson, as well as the inclusion of Perlavita as a shareholder in Everysport. This indicates that it is in the interest of Everysport and all shareholders to carry out a directed share issue to Perlavita. Therefore, the board's assessment is that the stated reasons clearly and strongly outweigh the reasons justifying the general rule that share issues should be carried out with pre-emptive rights for the shareholders.
The directed share issue results in an increase in the number of shares and votes in Everysport from 6,089,764 to 6,256,430, and an increase in the share capital from SEK 6,089,763.480576 to SEK 6,256,429.470576, which corresponds to a dilution of approximately 2.7 percent of the number of shares and votes in Everysport.
For more information, please contact:
Hannes Andersson, CEO, Everysport Group AB, tel: +46 70 736 56 25,
e-mail: hannes.andersson@everysport.com
About Everysport Group
Everysport Group AB (publ) is a group operating in sports. Everysport is divided into two business areas: Everysport Media and Every Padel. Everysport Media owns and develops digital platforms and services in sports, and the Every Padel business area operates in the fast-growing sport of padel. The group has a total of about 130 employees. The head office is located in Stockholm, and the company also has offices in Norway and the US. The group is listed on the Spotlight Stock Market (EVERY).