Application forms and other information regarding the Rights Issue will be available on the Company's web site, www.simrisalg.se, and on
The Rights Issue in Summary:
- Each (1) existing share in the Company held on the record date
April 19, 2022 entitles to one (1) subscription right. One (1) subscription right entitles to subscription of one (1) B share. The subscription price is0.32 SEK per B share. -
The terms of the Rights Issue means that a maximum of 78,547,046 B shares may be issued. Upon full subscription in the Rights Issue, the proceeds received by the Company is about
SEK 25.1 million , before issuing costs. Thus, the share capital may increase by a maximum of aboutSEK 6,823,800.55 , from aboutSEK 6,823,800.55 to aboutSEK 13,647,601.10 . -
The subscription period in the Rights Issue runs from
April 21, 2022 toMay 5, 2022 . Subscription rights that are not exercised during the subscription period become invalid and lose their value. -
The record date for participation in the Rights issue was
April 19, 2022 . The last date of trading in the Company's B share, including the right to participate in the Rights Issue was onApril 13, 2022 . - The Rights Issue is covered to about 7.1 percent by subscription commitments and by guarantee commitments to about 73.5 percent. Accordingly, 80 percent of the Rights Issue is covered by subscription and guarantee commitments.
Time schedule for the Rights Issue:
Record date for participation in the Rights Issue: April 19, 2022
Subscription period: April 21 - May 5, 2022
Trading in subscription rights: April 21, -
Estimated publication of outcome: Around
For complete information about the Rights Issue, please see the investment memorandum published by
Advisors
Stockholm Corporate Finance acts as the financial advisor and Advokatfirman Delphi acts as the legal advisor to
For further information, please contact:
Tel: +44 791 771 5533, email: steven@simris.com
THE INFORMATION IN THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE
About
About
Stockholm Corporate Finance is a Swedish, independent, and privately-owned financial advisor that offers financial advisory in capital raisings, ownership changes, and mergers and acquisitions to listed and privately held companies. Stockholm Corporate Finance is the exclusive Swedish partner in the global network M&A Worldwide, that consists of 49 M&A-advisors and investment banks in 36 countries. Stockholm Corporate Finance is under the supervision of the
Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in the Company in any jurisdiction, where such offer would be considered illegal. This press release is not a prospectus for the purposes of the Prospectus Regulation (
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs or current expectations and goals for the Company's future operations, financial situation, liquidity, earnings, prospects, expected growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified with words such as "believe", "expect", "anticipate", "refer", "can", "plan", "appreciate", "will", "should", "could ", "aim" or "maybe" or, in each case, their negative, or similar, expressions. The forward-looking statements in this press release are based on various assumptions, many of which in turn are based on additional assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it cannot give any guarantees that they will occur or prove to be correct. As these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or results may differ significantly from those set forth in the forward-looking statements which are the result of many factors. Such risks, uncertainties, unforeseen events, and other significant factors may cause actual events to differ materially from the expectations expressed or implied in this press release by such forward-looking statements. The Company does not guarantee that the assumptions behind the forward-looking statements in this press release are free from errors and each reader should not place any excessive dependence on the forward-looking statements in this press release. The information, opinions and forward-looking statements in this press release relate only to the situation at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or publish any revisions of forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or by Nasdaq First North Growth Market's regulations for issuers.
https://news.cision.com/simris-alg/r/simris-alg-publishes-investment-memorandum-regarding-rights-issue,c3548757
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