Ambea's rights issue oversubscribed
The preliminary result shows that 26,976,854 shares, corresponding to approximately 99.9 percent of the offered shares, have been subscribed for by the exercise of subscription rights. Additionally, applications for subscription without subscription rights of 31,914,537 shares, corresponding to approximately 118.2 percent of the offered shares, have been received. Thus, the rights issue is oversubscribed.
As a result of the rights issue, Ambea will receive proceeds amounting to approximately SEK 1,215 million before costs related to the rights issue. Through the rights issue Ambea's share capital will increase by SEK 674,173.13, from SEK 1,688,253.10 to SEK 2,362,426.23 and the total number of shares will increase by 27,001,440. After the rights issue, the number of shares in Ambea will amount to 94,617,996.
Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. As confirmation of allocation of shares subscribed for without subscription rights, a transaction note will be sent on or about 12 June 2019. Subscribed and allotted shares must be paid for in cash in accordance with the instructions in the transaction note. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Only those who have been allotted shares will be notified.
The final result is expected to be published on 12 June 2019. The final day for trading in paid subscribed shares (BTAs) will be 18 June 2019. The new shares are expected to start trading on Nasdaq Stockholm on or about 25 June 2019.
Advisors
In connection with the rights issue, Ambea has appointed Danske Bank and DNB Markets as financial advisors, Joint Global Coordinators and Joint Bookrunners, Nordea as financial advisor and Joint Bookrunner as well as Vinge as legal advisor.