The subscription period in SOZAP’s rights issue begins today

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

SOZAP AB (publ) (“SOZAP” or the “Company”) announces today, on 23 May 2024, that the subscription period begins in the rights issue of shares amounting to approximately SEK 11.4 million (the “Rights Issue”), which was resolved by the Board of Directors on 9 April 2024 and approved by the Annual General Meeting on 14 May 2024.

Summary of the Rights Issue

• Anyone who on the record date, 21 May 2024, was registered as a shareholder in SOZAP received one (1) subscription right for every (1) existing share. Three (3) subscription rights entitle the holder to subscribe for four (4) new shares.
• The subscription price in the Rights Issue amounts to SEK 0.75 per share.
• The Rights Issue comprises an issue of a maximum of 15,148,160 new shares in the Company.
• Upon full subscription of shares in the Rights Issue, the Company will receive approximately SEK 11.4 million, before deduction of issue costs.
• SOZAP has received subscription commitments of approximately SEK 5.1 million, corresponding to approximately 45.1 percent of the Rights Issue.

Timetable for the Rights Issue

Memorandum

Complete terms and instructions for the Rights Issue, as well as additional information about the Company, are provided in the information memorandum published on 17 May 2024. The information memorandum and subscription forms are available on the Company’s website, sozap.com/ir, on Augment Partners AB’s offerings page, augment.se/offerings, as well as on Aqurat Fondkommission AB’s website, aqurat.se/aktuella-erbjudanden/.

Advisers

Augment Partners AB is acting as the financial advisor and Eversheds Sutherland Advokatbyrå AB is acting as the legal advisor to the Company in connection with the transaction.

IMPORTANT INFORMATION

Publication or distribution of this press release may in some jurisdictions be subject to statutory and legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and observe such restrictions. The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in SOZAP.

This press release does not constitute an offer to acquire securities in the United States. The securities mentioned herein may not be sold in the United States without registration in accordance with The Securities Act of 1933 or without the application of an exception to such registration. The information in this press release may not be released, published, reproduced or distributed in or to the United States, Australia, Canada, New Zealand, Hong Kong, Japan, Switzerland, Singapore, South Africa, or any other country or jurisdiction where such action is not permitted or such action is subject to legal restrictions or would require further registration or other measures than required by Swedish law. Measures contrary to this instruction may constitute a breach of applicable securities laws.