HMS welcomes new owners – the share to commence trading today
Not for release, publication or distribution in, or into, the United States, Canada, Australia or Japan.
The offer to acquire shares in HMS Networks AB has received a strong interest. The offer price has been set at 74 SEK per share. At this price level the offer was subscribed more than three times. The share is to commence trading today Friday, October 19, 2007 on the Small Cap list of the OMX Nordic Exchange in Stockholm with the short name “HMS”.
The interest to acquire shares in HMS – a Swedish growth company within industrial communication technology – has been strong from both the general public in Sweden and from institutional investors in Sweden and abroad.
The offer comprises a total of 6,491,050 shares. Including the over-allotment option 1) the offer comprises a total of 7,140,155 shares which represents 67.5 percent of the shares in the company. The total value of the offer including the over-allotment option is 528 MSEK which corresponds to a market value of all the outstanding shares in the company of 782 MSEK.
The offer price has been set at 74 SEK per share. At this price level the offer was subscribed more than three times. The total number of shareholders after the offer will be approximately 3,000. The international ownership of the company will be approximately 30 percent.
– I am delighted that the interest for our listing has been so strong. We welcome our new shareholders and look forward to developing HMS as a listed company together, says Nicolas Hassbjer, CEO for HMS.
The HMS share will trade on the Small Cap list of the OMX Nordic Exchange in Stockholm with the short name “HMS” from and including today, October 19, 2007.
SEB Enskilda is lead manager and sole book runner of the offering.
For more information please contact:
Nicolas Hassbjer, CEO HMS: telephone: 035-17 29 02
nih@hms.se
Gunnar Högberg, CFO HMS: telephone: 035-17 29 95
guh@hms.se
1) In addition Segulah II L.P. has undertaken, if requested by SEB Enskilda, to sell an additional maximum of 649,105 shares, to cover possible over-allotment in connection with the offer.