Subscription period opens for Rabbalshede Kraft’s new issue
Today, Monday June 11, 2012, the subscription period opens for the new issue of Class B shares with preferential rights for existing shareholders as announced by Rabbalshede Kraft on May 22, 2012.
Shareholders of Rabbalshede Kraft registered as of the record date June 7, 2012, have received Subscription Rights in the Rights Issue. One (1) existing Class A or B share carries entitlement to one (1) Subscription Right of Class B shares. Two (2) Subscription Rights carry the entitlement to subscribe for one (1) Class B share (primary preferential rights). The subscription period ends on June 25, 2012.
Assuming full subscription of the rights issue the Company will receive proceeds of approximately SEK 113 M before deduction of issue costs. The aim of the issue is to secure continued development work and value growth in the project portfolio, and to strengthen the Company’s working capital.
Trading in subscription rights
Trading in subscription rights will take place on Alternativa Sweden’s securities market until June 15, 2012. Trading in subscription rights allows existing and new shareholders to subscribe for shares. Any subscription rights that existing shareholders do not intend to use must be sold by, not later than, June 15, 2012.
Prospectus
A copy of the prospectus is available on Rabbalshede Kraft’s website www.rabbalshedekraft.se and on Alternativa Sweden’s website www.alternativa.se.
Application formInformation to directly-registered shareholders
Those shareholders who are registered, as of the record date, in the share register maintained by Euroclear for the Company will receive a notification of allotment together with a preprinted payment notice from Euroclear. The preprinted notification of allotment states the number of subscription rights received.
Information to nominee-registered shareholders
Shareholders, whose shareholdings are nominee registered at a bank or other nominee, will not receive any notification of allotment. Application for subscription and payment must instead comply with the instructions of the respective nominee.
Schedule
- June 11-15, 2012 Trading in subscription rights
- June 11-25, 2012 Subscription period
- June 28, 2012 Release of issue results
For additional information, please contact:
Thomas Linnard, CEO,
Tel. +46 (0) 706-100 120 E-mail: thomas.linnard@rabbalshedekraft.se
Kent Söderström, CFO,
Tel. +46 (0) 73 330 72 80 E-mail: kent.soderstrom@rabbalshedekraft.se
This is Rabbalshede Kraft
Rabbalshede Kraft AB (publ) is a fast-growing player in wind power with four wind farms in operation, one farm under construction and about 350 wind turbines in the procurement, application or planning phase. Rabbalshede Kraft’s overriding objective is to create value growth for the Company’s shareholders – proprietarily, in partnership with other companies and through the divestment of entire farms and individual wind turbines – by contributing to the commissioning of 250 turbines by 2015. To guarantee the long-term capital requirements that the planned build-out requires, the Company is preparing an application for listing on the NASDAQ OMX Stockholm exchange. Follow the Company’s progress at www.rabbalshedekraft.se
Tags: