Realfiction’s strategic partner, AmTRAN participates in the upcoming public issue
Realfiction Holding AB (“Realfiction”) has received confirmation from AmTRAN Technology Co. Ltd. (“AmTRAN”), its Taiwanese partner, holding 11.25% of the outstanding shares in Realfiction, that they will exercise all of their subscription rights in the upcoming public issue, corresponding to a pre-subscription of 196,325 shares for 1,963,250 SEK in cash.
On 21 March 2019, the Board of Directors of Realfiction decided to carry out a new public issue of shares with a preferential right for existing shareholders. The public issue consists of a maximum of 1,744,970 shares and can bring 17.5 MSEK in cash to Realfiction if subscribed in full. Alongside the public issue, Realfiction plans to carry out a parallel directed issue for the purpose of converting existing loans owed to shares. With AmTRANs presubscription added, and even before the subscription period commences, up to 68% of the combined transaction has been secured from existing and new shareholders.
Todays announcement of the presubscription by AmTRAN coincides with a visit that, the Realfiction management team, including the company’s Director of Advanced Display Technology, Steen Iversen, made to AmTRAN in Taiwan last month. At the meeting, AmTRAN’s CEO and other key AmTRAN management members were introduced to the patent pending Project Echo technology.
Clas Dyrholm, CEO of Realfiction comments: ”We have worked with AmTRAN since 2013. AmTRAN stepped up its ownership at the IPO in 2017 and I am very pleased that AmTRAN now follows through by exercising all of its subscription rights in the upcoming public issue. This means that AmTRAN continues to be a close and important strategic partner in relation to the ongoing co-development and manufacturing, as well as a committed shareholder”.
For more information about Realfiction Holding AB, please contact:
Clas Dyrholm, founder and CEO
Telephone: +45 25 22 32 81
Email: clas@realfiction.com
Certified Adviser
Sedermera Fondkommission is the company's Certified Adviser and can be contacted via ca@sedermera.se or +46 40 615 14 10.
About AmTRAN Technology Co. Ltd.
Founded in 1994 and headquartered in New Taipei City, Taiwan, AmTRAN is one of the world’s largest display manufacturers and manufactures Realfiction’s Dreamoc HD3. AmTRAN’s share is publicly traded on the Taiwan Stock Exchange under the symbol “AMTRAN” code 2489. AmTRAN’s annual revenue (in 2017) exceeds MUSD 545 and AmTRAN employs more than 2,500.
About Realfiction Holding AB
Founded in Denmark in 2008, Realfiction is a leading innovator and provider of mixed-reality solutions and services, a market estimated to reach USD 80 billion by 2025. Realfiction continues to invent technologies within Mixed Reality, with an intention to disrupt the industry by pursuing the vision of converting science fiction into real fiction. Realfiction Holding AB’s share is publicly traded on Nasdaq Stockholm First North under the symbol “REALFI”. The share’s ISIN code is SE0009920994.
