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THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO
Today,
The Rights Issue amounts to approximately a maximum of
The proceeds from the Rights Issue are primarily intended to refinance the SOLT4 Bond (about 80%) and the rest of the proceeds to finance solar energy installations (about 20%).
For complete information on the Rights Issue and its conditions, please refer to the Prospectus (see below).
Timetable for the Rights Issue
- Last day of trading in shares including the right to obtain subscription rights: Friday
18 August 2023 . - First day of trading in shares excluding the right to obtain subscription rights: Monday
21 August 2023 . - Record date for right to subscription rights: Tuesday
22 August 2023 - Trading in subscription rights: 28 August –
6 September 2023 . - Subscription period: 28 August –
11 September 2023 . - Announcement of the subscription in the Rights Issue: Planned to
15 September 2023 - Trading in BTA (paid-up subscribed share): Starts on
28 August 2023 and will continue until the Rights Issue is registered with the Swedish Companies Registration Office, which is expected to be week 41/42.
Summary of the Rights Issue’s conditions
- Subscription price:
SEK 10.00 per share. No commission is paid. - Volume of the Rights Issue: The Company is expected to receive approximately a maximum of
SEK 99 million before transaction costs corresponding to maximum 9 881 293 issued shares, taking into account the limitation of the maximum amount of the Rights Issue, if the undertakings described above are adhered to. - Preferential right to subscribe: A shareholder receives three (3) subscription rights for each share registered on the record date
22 August 2023 to the shareholder. Five (5) subscription rights entitle to subscribe with preferential right one (1) new share in the Company - Subscription and payment: Subscription of shares are to take place during the subscription period in accordance with the Prospectus.
- Number of shares before the Rights Issue: 53 744 152 shares
- Dilution: Existing shareholders who choose not to use their subscription rights to subscribe for new shares will be subject to a dilution effect corresponding to approximately a maximum of 15.5 percent of the votes and capital in the Company, if the undertakings described above are adhered to.
- Marketplace: Nasdaq First North Growth Market.
- Subscription rights that are not exercised during the subscription period become invalid and lose their value. Subscription rights that are not intended to be used shall be sold at the latest on
6 September 2023 to not expire without value.
Issuer agent
Prospectus and other information
For more information about Advanced Soltech, please visit https://advancedsoltech.se/.
The Company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ASAB.
Important information
The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into
The publication, distribution or release of this press release may, in certain jurisdictions, thus 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.
The information in this press release does not contain or constitute an offer (or a solicitation of any offer) to acquire, subscribe or otherwise trade in shares or other securities in the Company in any jurisdiction, neither from or with the Company or someone else. No action has been taken and no measures will be taken to permit a public offering in any jurisdictions other than
This press release is not a prospectus in the meaning of Regulation (EG) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. This press release does not identify or claim to identify risks (direct or indirect) that could be associated with an investment in shares or other securities in the
A
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the
This press release may in the
Forward-looking statements
This press release may contain certain forward-looking statements that reflect the Company’s intentions, assessments, or current expectations about and targets for the Company’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Words such as “aim”, “anticipate”, “assess”, “believe”, “calculates”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “should”, or “will” and, in each case, negatives thereof, and other expressions indicating or predicting future developments or trends, and which are not based on historical facts, are intended to identify forward-looking statements.
Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company gives no assurances that they will materialize or prove to be correct. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are correct nor does the Company accept any responsibility of any kind for the future accuracy of any opinions expressed in this press release. The readers of the press release should not place undue reliance on the forward-looking statements in this press release.
The information, opinions and forward-looking statements that are expressly or implicitly contained herein refer only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless required by law or Nasdaq First North Growth Market’s
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