Final outcome in GomSpace Group’s preferential rights issue
The final outcome of the preferential rights issue in GomSpace Group AB (publ) (”GomSpace” or the “Company”) shows that 20,593,672 shares, corresponding to approximately 72.7 percent of the offered shares, have been subscribed for by the exercise of subscription rights. 3,340,464 shares have been allocated without subscription rights. The rights issue is thus subscribed for by 84.5 percent and GomSpace receives proceeds amounting to approximately SEK 251 million before transaction costs.
Allocation of shares that were subscribed for without subscription rights has been made in accordance with the principles described in the prospectus. Notification regarding allocation of shares will be made through dispatch of transaction note. Shareholders with nominee-registered holdings will receive confirmation of the allocation in accordance with the procedure of the respective nominee. Notification of allocation will only be made to those who have received allocation.
The rights issue will provide GomSpace with approximately SEK 251 million before transaction costs, which are estimated to amount to approximately SEK 17 million. The rights issue will increase GomSpace’s share capital with SEK 1,675,389.52 from SEK 1,983,846.69 to SEK 3,659,236.21 by the issuance of a total of 23,934,136 shares. The number of shares in GomSpace after the rights issue will amount to 52,274,803.
The new shares subscribed for by exercise of subscription rights are expected to be registered with the Swedish Companies Registration Office (“SCRO”) on or around December 11, 2018 and the new shares subscribed for without subscription rights are expected to be registered with the SCRO on or around December 20, 2018. The last day of trading in the paid-up subscribed shares (“BTA”) is expected on or around December 18, 2018. The new shares are expected to be subject to trading at Nasdaq Firsth North Premier on or around December 21, 2018.
Financial and legal advisors
Danske Bank is acting as financial advisor and Setterwalls Advokatbyrå AB as legal advisor to GomSpace in connection with the rights issue.
For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu@gomspace.com
About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.
Miscellaneous
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, 10:30 a.m CET on December 11, 2018.
IMPORTANT INFORMATION
This press release is not an offer or solicitation to aquire securities in GomSpace. A prospectus relating to the rights issue referred to in this press release has been prepared by the Company and filed with the Swedish Financial Supervisory Authority.
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 State absent registration or an exemption from registration under the US Securities Act of 1933, as amended. GomSpace does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The information in this press release may not be announced, published or distributed, directly or indirectly, to the United States, Canada Australia, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.