Rejlers' rights issue heavily oversubscribed

The result of Rejlers AB’s (publ) (“Rejlers” or the “Company”) rights issue, for which the subscription period ended on March 31, 2017, indicates that 498,000 shares of class A, corresponding to 99.50 per cent of the shares of class A offered, and 4,595,620 shares of class B, corresponding to approximately 98.45 per cent of the shares of class B offered, were subscribed for by exercise of subscription rights. This means that a total of approximately 98.55 per cent of the rights issue has been subscribed for by the exercise of subscription rights. Additionally, applications for subscription without subscription rights of 1,808,564 shares of class B have been received. Out of these applications for subscription, 72,568 shares of class B have been allotted. Accordingly, the rights issue is oversubscribed by 35 per cent. Through the rights issue, Rejlers will receive proceeds amounting to approximately SEK 200 million before issue costs.

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG, SWITZERLAND, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES BESIDES THOSE REQUIRED BY SWEDISH LAW. ADDITIONAL RESTRICTIONS APPLY, PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Those who were registered by Euroclear Sweden AB as shareholders in Rejlers on the record date March 15, 2017, had preferential right to subscribe for new shares in the rights issue. For each share held in Rejlers one (1) subscription right was received. Five (5) subscription rights of class A and class B, respectively, entitled to subscription of two (2) new shares of class A and class B, respectively, at a subscription price of SEK 39 per share. In addition, investors were offered to subscribe for shares without subscription rights.

Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. Notification regarding allocation of shares to subscribers who have been allotted shares without subscription rights are expected to be distributed on April 5, 2017. Subscribed and allocated shares shall be paid in cash at the latest on the settlement day, April 7, 2017, in accordance with the instructions on the settlement note. Nominee registered shareholders will receive notification regarding allocation of shares in accordance with the respective nominee’s procedures. Only those who are allotted shares will be notified.

Through the rights issue Rejlers’ share capital will increase by SEK 10,332,376 to SEK 36,175,818 and the total number of A-shares will increase by 498,000 shares and B-shares will increase by 4,668,188 shares to a total of 18,087,909 shares, of which 1,749,250 are A-shares and 16,338,659 are B-shares, when the rights issue is registered by the Swedish Companies Registration Office.

The new shares of class A and class B subscribed for with subscription rights are expected to be registered by the Swedish Companies Registration Office on or about April 12, 2017 and the new shares of class B subscribed for with subscription rights are expected to start trading on Nasdaq Stockholm on April 13, 2017. The last day of trading in the interim shares 1 of class B (“BTA B1”) is on April 6, 2017. The new shares of class A and class B subscribed for without exercise of subscription rights are expected to be registered by the Swedish Companies Registration Office on or about April 25, 2017 and the new shares of class B subscribed for without exercise of subscription rights are expected to start trading on Nasdaq Stockholm on April 26, 2017.

Advisors in connection with the preferential rights issue
Carnegie Investment Bank AB is financial advisor to Rejlers and Advokatfirman Delphi is the Company’s legal advisor in connection to the rights issue. Baker McKenzie is legal advisor to Carnegie Investment Bank AB.

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in Rejlers. No action has been taken and measures will not be taken to permit a public offering in any jurisdictions other than Sweden. Any invitation to the persons concerned to subscribe for shares in Rejlers will only be made through the prospectus that Rejlers published on March 15, 2017.

The information in this press release may not be released, published or distributed, directly or indirectly, in or into the United States (including its territories and provinces, every state in the United States and the District of Columbia), Canada, Australia, Japan, Hong Kong, Switzerland, New Zealand, Singapore, South Africa or any other jurisdiction in which such action is subject to legal restrictions or would require other measures than those required by Swedish law. Actions in violation of these restrictions may constitute a violation of applicable securities laws.

No shares or other securities in Rejlers have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no shares or other securities may be offered, sold or otherwise transferred, directly or indirectly, in or into the United States, except under an available exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States.

For further information:
Peter Rejler; President and CEO, email: peter.rejler@rejlers.se
Mats Åström; CFO, +46 720 50 22 40, email: mats.astrom@rejlers.se

This information is information that Rejlers AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 on April 5 2017.

Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,000 experts work with projects in the areas of Building and property, Energy, Industry and Infrastructure. At Rejlers, you will meet specialist engineers with the knowledge, cutting edge expertise and energy to achieve results. We are still experiencing rapid growth and can now be found in 80 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 2.3 billion in 2016 and its class B share is listed on NASDAQ Stockholm.