Lund, Sweden – 10 March 2014 –Anoto Group AB (publ) (“Anoto” or the “Company”) today announces that it has completed a private placement of 19,291,639 new shares, providing the Company with approximately SEK 16.4 million before transaction related costs.
The private placement has allowed Anoto to place 19,291,639 new shares with international investors and qualified investors in Sweden at a price of SEK 0.85 per share through a book building procedure. The private placement was substantially oversubscribed and the price equals the average share price the last 20 trading days.
The proceeds from the Private Placement are intended to strengthen the working capital.
For the purpose of the private placement, the Board of Directors of Anoto has resolved, pursuant to the authorization granted by the extra general meeting held on June 11, 2013, on a directed issue of 19,291,639 new shares. The reason for deviating from the shareholders’ preferential rights by conducting a directed new share issue is to broaden the shareholder base and ensure further equity in a short timeframe.
Through the issue, the number of shares in Anoto increases by 19,291,639 from 434,061,895 to 453,353,534 and the share capital increases by SEK 385,832.78 from SEK 8,681,237.90 to SEK 9,067,070,68. The new issue results in an equity dilution of approximately 4.3 percent after completed issue. A large existing shareholder has undertaken to temporarily lend the number of shares required to facilitate prompt delivery of the new shares.
Redeye AB is acting as financial advisor and sole bookrunner and Setterwalls Advokatbyrå acts as legal advisor in connection with the private placement.
The information in this press release is published pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 08.30 am on March 10, 2014.
For more information, please contact:
Stein Revelsby
CEO Anoto Group
+46 733 45 12 05
Anoto Group AB (publ.)
Box 4106
SE-227 22 Lund
Tel.: +46 46 540 12 00
www.anoto.com
About Anoto Group
Anoto Group AB is a global leader in digital writing solutions, which enables fast and reliable transmission of handwriting into a digital format. Anoto operates worldwide through a global partner network that delivers user-friendly digital writing solutions for efficient capture, transmission, distribution and storage of data. Anoto is currently in use across multiple business segments, e.g. healthcare, pharmaceutical, bank and financial services, transportation and logistics, government and education. The Anoto Group has over 100 employees and is headquartered in Lund (Sweden), with offices in Basingstoke, Guildford and Wetherby (UK), Amsterdam (NL), Boston (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT. For more information, please visit: www.anoto.com.
IMPORTANT INFORMATION
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction.
This press release does not constitute an offer or an offering to acquire or subscribe for any Anoto Group AB (publ) securities in any jurisdiction, neither from Anoto Group AB (publ), Redeye AB (publ) nor anyone else.
