HABO, Sweden, May 28, 2019 /PRNewswire/ -- Aktiebolaget
Fagerhult's (publ) (the "Company" or "Fagerhult") rights issue has
been fully subscribed. The subscription period for the rights issue
ended on 22 May 2019. The final count
shows that 49,861,704 shares, corresponding to approximately 99.1
percent of the offered shares, were subscribed for with
subscription rights.
The remaining 436,334 shares that were not subscribed for with
subscription rights have been allocated to those who have applied
for subscription of shares without subscription rights in
accordance with the principles described in the prospectus.
Interest in the rights issue has been high and as a result the
rights issue was oversubscribed by 23.2 percent.
Notification regarding allotment of shares which have been
subscribed for without subscription rights will be distributed on
or about 28 May 2019 by settlement
note to subscribers or nominees. Subscribed and allotted new shares
shall be paid in cash on the settlement day in accordance with the
instructions on the settlement note, on or about 3 June 2019. Nominee registered shareholders will
receive notification regarding allotment of shares in accordance
with the respective nominee's procedures.
Through the rights issue Fagerhult will receive proceeds
amounting to approximately SEK 2,213
million before deduction of issue costs. As a result of the
rights issue, Fagerhult's share capital will increase by
approximately SEK 28,502,221.54 to
approximately SEK 100,409,277.71. The
total number of shares will increase by 50,298,038 shares to
177,192,843 shares.
New shares subscribed for with subscription rights are expected
to be registered with the Swedish Companies Registration Office on
or about 29 May 2019 and trading in
the new shares on Nasdaq Stockholm is expected to commence on or
about 4 June 2019. The shares
subscribed for without subscription rights are expected to start
trading on Nasdaq Stockholm on or about 14
June 2019.
Financial and legal advisor
Handelsbanken Capital Markets is financial adviser in connection
with the rights issue. Wesslau Söderqvist Advokatbyrå and Vinge are
legal advisers.
Habo, 28 May 2019
Aktiebolaget Fagerhult (publ)
For further information, please contact:
Bodil Sonesson CEO
mobile: +46-72223-7602
e-mail: bodil.sonesson@fagerhult.se
Michael Wood CFO
mobile: +46-73-087-46-47
e-mail: michael.wood@fagerhult.se
This is information that Aktiebolaget Fagerhult (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the persons set out above, at 14.10 CET on 28 May 2019.
IMPORTANT INFORMATION
This press release is not an offer to subscribe for shares in
Fagerhult and investors should not subscribe for or purchase any
securities, except on the basis of information provided in the
coming prospectus.
This press release may not be made public, released or
distributed, directly or indirectly, in or into the United States, Australia, Japan or Canada or in any other jurisdiction in which
the distribution of this press release would be unlawful. Further,
this press release does not constitute an offer to sell new shares,
paid subscribed for shares ("BTA") or subscription rights to any
person in any jurisdiction in which it is unlawful to make such
offer to such person or where such action would require additional
prospectuses, registration or other measures other than those
pursuant to Swedish law. The prospectus, application form and other
documents associated with the rights issue may not be distributed
in or to any country where such distribution or the rights issue
would require such measures set forth in the preceding sentence or
be in violation of the regulations of such country.
The new shares, BTAs and subscription rights have not been
recommended or approved by any United
States federal or state securities commission or regulatory
authority. No new shares, BTAs, subscription rights or other
securities issued by Fagerhult have been or will be registered
under the U.S. Securities Act of 1933, as amended, or under the
securities legislation in any state of the United States, and may not be offered,
exercised or sold in the United
States absent registration or an applicable exemption from
registration requirements. There is no intention to register any
portion of the offering in the United
States or to conduct a public offering of securities in
the United States.
The Company has not authorised any offer of the securities
referred to herein to the public in any country in the European
Economic Area ("EEA") other than Sweden. In other member states in the EEA, the
securities may only be offered to (a) any legal entity which is a
qualified investor as defined in the Directive 2003/71/EC (the
"Prospectus Directive"); or (b) any person falling within Article
3(2) of the Prospectus Directive.
In the United Kingdom, this
communication is only being distributed to, and is only directed at
"qualified investors" (as defined in section 86(7) of the Financial
Services and Markets Act 2000) who are (i) investment professionals
falling within the meaning of Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"); or (ii) persons falling within Article 49(2)(a) to (d)
("high net worth companies, unincorporated associations, etc.") of
the Order (all such persons together being referred to as "relevant
persons"). In the United Kingdom,
any investment or investment activity to which this communication
relates is available only to, and will be engaged in only with,
relevant persons. Any person who is not a relevant person should
not take any action on the basis of this communication and should
not act or rely on it or any of its contents.
This press release may contain forward-looking statements which
reflect Fagerhult's current view on future events and financial and
operational development. Words such as "intend", "will", "expect",
"estimate" and other expressions that imply indications or
predictions of future development or trends, constitute
forward-looking statements. Forward-looking statements inherently
involve both known and unknown risks and uncertainties as they
depend on future events and circumstances. Forward-looking
statements do not guarantee future results or development and the
actual outcome could differ materially from the forward-looking
statements. The information, opinions and forward-looking
statements included in this press release speak only as of its date
and are subject to change without notice.
This information was brought to you by Cision
http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/1781/2826356/1053094.pdf
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SOURCE Fagerhult