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23 February 2021, 18:22 CET

Axactor Group

Stock notice

Axactor SE – Final result of the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Reference is made to previous announcements by Axactor SE ("Axactor" or the "Company", OSE ticker code "ACR") regarding a subsequent offering of up to 26,750,000 new shares in the Company (the "Offer Shares") at a subscription price of NOK 8.00 per Offer Share (the "Subsequent Offering") and the prospectus dated 5 February 2021 prepared by Axactor in connection therewith (the “Prospectus”).

The subscription period for the Subsequent Offering expired at 16:30 hours (CET) on 19 February 2021 and the final results show that the Company has received valid subscriptions for in total 35,761,193 Offer Shares. Hence, the maximum number of 26,750,000 Offer Shares will be issued.

The allocation of the Offer Shares in the Share Issue has today been completed based on the allocation criteria set out in the Company's prospectus dated 5 February 2021 (the "Prospectus").

Notification of allocated Offer Shares in the Share Issue and the corresponding amount to be paid by each subscriber will be set out in a separate letter to each subscriber, which is expected to be issued during the course of today, 23 February 2021. The deadline for payment for the Offer Shares is 25 February 2021 in accordance with the payment instructions set out in the Prospectus and the update in the press release regarding extension of trading period for subscription rights dated 17 February 2021.

The Offer Shares may not be transferred or traded until they are fully paid and the share capital increase related to the Share Issue has been registered with Norwegian Register of Business Enterprises. The share capital increase is expected to be registered on or about 4 March 2021. The Offer Shares are expected to be delivered to the subscribers' respective VPS accounts on or about the same day, and be tradeable on the Oslo Stock Exchange on or about 4 March 2021.

Following the issuance of the Offer Shares, the Company's share capital will be EUR 158,149,942 divided into 302,145,464 shares, each with a par value of EUR 0.52.

The following primary insiders or close associates of primary insiders have been allocated Offer Shares in the Subsequent Offering:

  • Latino Invest AS, a company controlled by Axactor CEO Johnny Tsolis, has been allocated 10,000 Offer Shares. Following completion of the Subsequent Offering, Latino Invest AS will hold 1,710,000 shares in Axactor.
  • Brita Eilertsen, member of Axactor’ board of directors, has been allocated 9,892 Offer Shares. Following completion of the Subsequent Offering, Brita Eilertsen will hold 19,892 shares in Axactor.

ABG Sundal Collier, DNB Markets, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge act as Joint Lead Managers in the Subsequent Offering.


For further information, please contact:

Kyrre Svae, Interim CFO | Chief of Strategy & IR
Mobile phone: +47 478 39 405
Email: kyrre.svae@axactor.com