Green Landscaping’s rights issue fully subscribed
The information in this press release is not intended for publication, public release or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where such publication or distribution would violate applicable laws or regulations. See the section “Important information” at the end of this press release.
A preliminary count of the result in Green Landscaping Group AB’s (publ) rights issue, where the subscription period expired on 15 June 2020, shows that approximately 9.1 million shares have been subscribed for by the exercise of subscription rights, which is equivalent to approximately 98.7 per cent of the offered shares in the rights issue. The remaining shares have been subscribed for without subscription rights. The rights issue is thus fully subscribed and Green Landscaping will receive proceeds amounting to approximately SEK 155 million before issue costs. The final outcome will be published around 18 June 2020.
SEB Corporate Finance is financial advisor and Cirio Advokatbyrå AB are legal advisors to Green Landscaping in connection with the rights issue.
This is information that Green Landscaping Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on 17 June 2020 at 07:00 CET.
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Green Landscaping. Any invitation to the persons concerned to subscribe for shares in Green Landscaping has only been made through the prospectus which Green Landscaping published on 27 May 2020.
This press release may not be released, published or distributed, directly or indirectly, in or into United States, Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.
No subscription rights, paid subscription shares (Sw. Betalda tecknade aktier) or shares issued by Green Landscaping have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities legislation of any state or other jurisdiction of the United States and no subscription rights, paid subscription shares or shares may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States. There will be no public offering of such securities in the United States. The securities referred to herein have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC), any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.
This press release contains certain forward-looking information that reflects Green Landscaping’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.
For more information, please contact:
Johan Nordström, CEO
Telephone: +46 70 838 58 12
Carl-Fredrik Meijer, CFO & IR
Telephone: +46 70 108 70 19
Green Landscaping Group is the leading player in ground maintenance and landscaping of outdoor environments in Sweden. Our business concept is to enhance the customer's outdoor environment by offering services focused on high customer value, long-term sustainability, and quality. The Company has approximately 1,300 employees and sales amount to approximately SEK 2 billion. The Company's shares are listed on Nasdaq Stockholm with the ticker GREEN. For more information visit www.greenlandscapinggroup.se.