Knowit publishes prospectus

On 5 May 2021, Knowit Aktiebolag (publ) announced the acquisition of Cybercom Intressenter AB (“Cybercom“). The total consideration amounts to approximately SEK 2.2 billion1 of which approximately SEK 442 million is paid in cash and through a non-cash issue of 5,760,883 newly issued shares to the sellers of Cybercom. At the Extraordinary General Meeting on 28 May 2021, the Board of Directors was authorized to carry out the non-cash issue.

The prospectus that has been prepared in connection with the admission to trading on Nasdaq Stockholm of the 5,760,883 shares in the forthcoming non-cash issue (the “Prospectus”) has been approved and registered by the Swedish Financial Supervisory Authority, and is available on Knowit’s website https://www.knowit.eu/investor-relations/. Within a couple of days the Prospectus will also be published in the Swedish Financial Supervisory Authority's prospectus register, www.fi.se.

This press release was made public, through the agency of the persons below, at 11.30 AM CEST on 8 June 2021.









 

1The total consideration corresponds to SEK 2.4 billion on a cash and debt-free basis (enterprise value), based on the average volume-weighted share price for Knowit’s share on Nasdaq Stockholm for each day during the ten trading days immediately preceding the day of signing of the share purchase agreement. Cybercom’s net debt at the time of the acquisition amounts to approximately SEK 238 million.
 

For more information, please contact

Marie Björklund, CFO, +46 70 1449802 or marie.bjorklund@knowit.se

Per Wallentin, CEO Knowit, +46 73 746860 or per.wallentin@knowit.se

Christina Johansson, CCO Knowit AB, +46 70 5421734 or christina.johansson@knowit.se

About Knowit

Knowit AB (publ) is a consultancy firm that supports its clients in the digital transformation. The Company develops sustainable and innovative solutions that contribute to high business value for its clients. Knowit stands out among other consultancy firms through its decentralized organization and agile work methods in its client assignments. The operations are divided across three business areas: Solutions, Experience, and Insight, which offer services in tailored system development, digital customer experiences, and management consultancy. Competences from several business areas are often combined in the client projects. Knowit’s vision is to create a sustainable and humane society through digitalization and innovation. The Company was established in 1990 and now has around 2,600 employees in 15 locations in Sweden, five in Norway, and one each in Denmark, Finland, and Germany. Knowit AB (publ) is listed on Nasdaq Stockholm. For more information on Knowit, please visit knowit.se

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