Sale of 3,842,587 existing shares in Fractal Gaming Group AB (publ) completed
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
Litorina IV L.P., (“Litorina”) has sold 3,842,587 existing shares in Fractal Gaming Group AB (“Fractal” or the “Company”), corresponding to approximately 13.2 percent of the shares in the company.
Litorina has successfully sold 3,842,587 shares in the Company (the “Placing”), corresponding to approximately 13.2 percent of the total number of shares outstanding in the Company. The price in the Placing was SEK 32.0 per share. Following the Placing, Litorina owns no more shares in Fractal.
A small group of new and existing institutional investors participated in the Placing, including Herenco AB, Lancelot Asset Management, MediumInvest A/S and TIN Fonder, as well as Fractal’s incoming CEO Jonas Holst, CTO Henrik Gunnerling and current CEO and Founder Hannes Wallin.
Pareto Securities acted as Sole Manager and Bookrunner in connection with the Placing.
Pareto Securities is an independent full-service investment bank with a leading position in the Nordic capital markets. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities investment banking offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 450 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, Germany, Switzerland, USA, Singapore and Australia.