Sale of 800,000 existing shares in Exsitec Holding AB 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.

Reference is made to the press release published 14 December regarding a potential sale of existing shares in Exsitec Holding AB (“Exsitec” or the “Company”) by Syntrans AB, the Chairman of the board and the largest shareholder in Exsitec, (the “Selling Shareholder”) through an accelerated bookbuilding process managed by Pareto Securities AB (”Pareto Securities” the “Manager”).

The Selling Shareholder has successfully sold 800,000 shares in the Company (the “Placing”), corresponding to approximately 6.3 percent of the total number of shares outstanding in the Company. The price in the Placing was SEK 190 per share, corresponding to 2 percent discount to the closing price on 14 December 2021 and amounted to SEK 152 million. Following the Placing, the Selling Shareholder owns a total of 2.4 million shares in the Company, corresponding to 18.8 percent of the total number of shares outstanding, for which the Selling Shareholder has entered a customary lock up with the Manager for a period of 180 days. 

A small group of new as well as current institutional investors participated in the Placing, including Alcur Fonder, Coeli Asset Management, Creades, Grenspecialisten Förvaltning AB, and Lannebo Fonder.

“Syntrans has been an owner in Exsitec since 2009 and I have been the Chairman of the board ever since. We will own approximately 19% of Exsitec after this placing and continue to see ourselves as a long-term owner of Exsitec. In connection with this partial divestment, we intend to repurchase all our outstanding call options to Exsitec’s CEO Johan Kallblad. We continue to have a strong faith in Exsitec seeing great potential for a continued strong growth journey” says Peter Viberg, owner and CEO of Syntrans AB and Chairman of the board of Exsitec. 

Pareto Securities acted as Sole Manager and Bookrunner in connection with the Placing.

Important information

This announcement is not an offer to sell, or solicitation of an offer to buy, any securities in the United States. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the Securities Act. There will not be a public offering of the shares in the United States.

This announcement is not an offer of securities or investments for sale or a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

In member states of the European Economic Area ("EEA") (each, a "Relevant Member State"), this announcement and any offer if made subsequently is directed exclusively at persons who are "qualified investors" within the meaning of the Prospectus Regulation ("Qualified Investors"). For these purposes, the expression "Prospectus Regulation" means regulation (EU) 2017/1129.

This announcement is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Any investment decision to buy shares in the Offering must be made solely on the basis of publicly available information which has not been independently verified by the Manager or the Selling Shareholder.

The Manager are acting exclusively for the Selling Shareholder and no one else in connection with the Offering. The Manager will not regard any other person (whether or not a recipient of this presentation) as a client in relation to the Offering and will not be responsible to anyone other than the Selling Shareholder for providing the protections afforded to its clients nor for the giving of advice in relation to the Offering or any transaction, matter or arrangement referred to in this announcement.