INVISIO carries out directed share issue of SEK 10 m
Stockholm, October 23, 2013
The Board of INVISIO Communications AB ("INVISIO" or "Company") has per October 22, 2013, decided on a directed share issue to a smaller group of investors of a total 2 500 000 shares, corresponding to about 6.5 percent of the total currently outstanding shares in the Company. With the share issue, the Company's share capital is increased with SEK 2 500 000. The subscription price is SEK 4.15 per share. The share issue provides the Company with a total of approximately SEK 10.4 m before issuance costs.
The background for the share issue that the Company's working capital needs to be strengthened somewhat in connection with the increase of capital tied up due to a strong increase in turnover. The subscription price has been decided from the latest share price, with a price reduction of SEK 0.25 (approximately 6 percent).
In a comment, the Company's CEO Lars Højgård Hansen says:
"Even if we together with PartnerTech (that manufactures our products) have worked successfully with lowering the capital tied up in the manufacturing, a smaller strengthening of capital is needed. This year we are noting a very strong increase in sales orders and a strong increase in turnover and this is all very pleasant challenges for us. We have also made the judgment that in this type of smaller capital needs it is wise to use the authorisation granted by the Annual General Meeting to carry out new issues. I hope to comment more thorough on our positive development in connection with the Interim Report that we publish on November 7."
Financial advisor Mangold Fondkommission is financial advisor to INVISIO in connection with the share issue.
For additional information, please contact: Lars Højgård Hansen, vd för INVISIO Communications Mobil: + 45 53 72 77 22 E-mail: lhh@invisio.com
About INVISIO Communications AB INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions such as advanced headsets control units and accessories for use with two-way radio, primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company's web site at www.invisio.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.