Key information relating to the preferential rights issue to be carried out by poLight ASA
Reference is made to the stock exchange announcement published poLight ASA (the "Company" or "poLight") on 20 March 2023 regarding the contemplated partly underwritten rights issue in the Company, to raise gross proceeds of up to NOK 135 million (the "Rights Issue"). Key information relating to the Rights Issue is set out below.
Date on which the terms and conditions of the Rights Issue were announced: 20 March 2023
Last day including right: 11 April 2023
Ex-date: 12 April 2023
Record Date: 13 April 2023
Date of approval: 11 April 2023
Maximum number of new shares: Will be determined and announced after market close on 11 April 2023, see "other information" below
Subscription price: Will be determined and announced after market close on 11 April 2023, see "other information" below
Ratio preferential rights: To be announced when final number of new shares is determined
Subscription ratio: To be announced when final number of new shares is determined
Manager: Pareto Securities AS
Will the rights be listed: Yes
ISIN for the preferential rights: To be announced when clarified
Other information: The Rights Issue is partly underwritten, with an underwriting amount of NOK 100 million. In accordance with the underwriting agreement, the subscription price in the Rights Issue is proposed by the board to be the theoretical ex rights price (TERP) based on the volume-weighted average price (VWAP) of the Company's shares on Oslo Børs on the date of the extraordinary general meeting (the "EGM"), less a discount of at least 30%. The final discount and the subscription price for the new shares to be issued in the Rights Issue, and, thus, the number of new shares and the amount of the share capital increase in the Rights Issue, will be announced through a stock exchange announcement as soon as possible after market close on 11 April 2023 and be reflected in the final proposed resolution to the EGM. Please refer the notice for the EGM for further information, published by the Company today on 20 March 2023.
Further information from:
Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
About poLight ASA
poLight offers a new autofocus lens which "replicates" the human eye for use in devices such as smartphones, wearables, barcode, machine vision systems and various medical equipment. poLight's TLens® enables better system performance and new user experiences due to benefits such as extremely fast focus, small footprint, no magnetic interference, low power consumption and constant field of view. poLight is based in Horten, Norway, with employees in Finland, France, UK, US, China, Taiwan and Philippines. For more information, please visit https://www.polight.com
This information is published in accordance with the requirements of the Continuing Obligations.