Final result of Mekonomen’s rights issue
The information in this announcement may not be made public, announced or distributed, directly or indirectly, in or to Australia, Canada, Japan, USA or any other country where such publication or distribution would violate applicable laws or regulations. See the section Important information at the end of this press announcement.
The final result of the rights issue in Mekonomen AB (publ) (”Mekonomen” or the “Company”) shows that 20,408,857 shares have been subscribed for by the exercise of subscription rights. The remaining 106,278 shares have been allotted without subscription rights. The rights issue is thus fully subscribed and Mekonomen receives proceeds amounting to approximately SEK 1,621m before costs related to the rights issue.
The final result shows that 20,408,857 shares have been subscribed for by the exercise of subscription rights, implying that a total of approximately 99.5 per cent of the rights issue has been subscribed for by the exercise of subscription rights. Additionally, applications for subscription without subscription rights of 13,143,244 shares, corresponding to approximately 64.1 per cent of the shares offered, have been received.
Allotment of shares that were subscribed for without subscription rights has been made in accordance with the principles described in the prospectus. As confirmation of the allotment of new shares subscribed for without subscription rights, a contract note will be sent to the subscriber on or about 25 October 2018. No notice will be sent to subscribers who have not received any allotment.
As a result of the rights issue, Mekonomen will receive proceeds amounting to approximately SEK 1,621m before costs related to the rights issue. The rights issue will increase Mekonomen’s share capital with SEK 51,287,837.50 to SEK 141,041,555.00 by issuing 20,515,135 shares. The number of shares in Mekonomen after the rights issue will amount to 56,416,622 shares.
The new shares subscribed for by the exercise of subscription rights were registered by the Swedish Companies Registration Office (“SCRO”) on 24 October 2018. The last day of trading in the paid subscribed shares (”BTA”) is expected to be on 30 October 2018. The new shares are expected to start trading at Nasdaq Stockholm and on or about 5 November 2018.
The new shares subscribed for without subscription rights are expected to be registered by the SCRO on or about 2 November 2018 and are expected to start trading at Nasdaq Stockholm on or about 6 November 2018.
Financial and legal advisors
Mekonomen has in connection with the rights issue appointed Nordea Bank Abp, filial i Sverige and Skandinaviska Enskilda Banken AB (publ) as financial advisors and Hannes Snellman Attorney Ltd has been engaged as legal advisor.
For further information, please contact:
Pehr Oscarson, President & CEO Mekonomen AB,
Tel +46 (0)8-464 00 00 E-mail: pehr.oscarson@mekonomengroup.com
Åsa Källenius, CFO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: asa.kallenius@mekonomengroup.com
Helena Effert, IRO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: helena.effert@mekonomengroup.com
The information was submitted for publication through Pehr Oscarson, at 08.00 p.m. on 25 October 2018. This press release will be published in Swedish and English. The Swedish version represents the original version and has been translated into English.
Mekonomen Group consists of the leading automotive spare-parts chains in the northern Europe; FTZ, Inter-Team, MECA, Mekonomen and Sørensen og Balchen, with proprietary wholesale operations, over 450 stores and 3,300 workshops operating under the Group brands. We offer a wide and easily accessible range of inexpensive and innovative solutions and products for consumers and companies.
Important information
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 Mekonomen. Any invitation to the persons concerned to subscribe for shares in Mekonomen will only be made through the prospectus which Mekonomen published on 28 September 2018.
This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Japan, Canada, the United States 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.
The subscription rights, paid subscribed shares and shares in Mekonomen have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no subscription rights, paid subscribed 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 except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of 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 US Securities and Exchange Commission, 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 Mekonomen’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.
Nordea Bank AB (publ) and Skandinaviska Enskilda Banken AB (publ) are financial advisors to Mekonomen AB (publ) and not to anyone else, in relation to the rights issue. Nordea and SEB are not responsible to anyone else but Mekonomen for advising in relation to the rights issue. Information in respect of the coming issue prospectus is rendered by Mekonomen.