17 August 2017, 11:48 CEST
Axactor AB - Increase in share capital related to Tranche 1 of the Private Placement
Oslo, 17 August 2017 - Reference is made to the stock exchange
announcement from Axactor AB ("Axactor" or the "Company") published
14 August 2017 regarding the successfully completed private
placement of 240,000,000 new shares (the "Private Placement Shares")
at a price of NOK 2.49 per share (the "Private Placement"). DNB
Markets, a part of DNB Bank ASA, acted as manager for the Private
Placement (the "Manager").
The Private Placement is divided into i) a Tranche 1 consisting of
75.6 million Private Placement Shares, and ii) a Tranche 2
consisting of 164.4 million Private Placement Shares.
The Company has received confirmation that the share capital
increase of EUR 3,957,079.30 divided into 75,600,000 Private
Placement Shares related to Tranche 1 of the Private Placement has
been registered by the Swedish Companies Registry. The 75,600,000
Private Placement Shares are consequently tradeable. The new
registered share capital of Axactor is EUR 70,771,461.35 divided
into 1,352,088,769 shares.
The payment and registration of the Private Placement Shares has
been done based on pre-funding from the Manager. As previously
announced, the Company and the Manager have entered into an
agreement related to pre-funding of the payment for the Private
Placement Shares (the "Pre Funding Agreement"). The Pre Funding
Agreement regulates inter alia certain rights and obligations of the
Company and the Manager related to the pre-funding.
The Private Placement Shares in Tranche 1 will be settled through a
delivery versus payment transaction expected on or about 18 August
The Private Placement Shares in Tranche 2 are tradeable once the
share capital has been registered in the Swedish Companies Registry
and the listing prospectus has been approved by the Swedish
Financial Supervisory Authority and published, expected within
September 2017. The Private Placement Shares in Tranche 2 will be
settled through a delivery versus payment transaction following the
registration of the share capital and approval of the prospectus.
For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451