Stockholm, 01 October 2018 – The Board of Directors of Anoto Group AB (publ) (“Anoto” or the “Company”) has resolved to extend the subscription period in the ongoing rights issue of shares and warrants until 15 October 2018.
On 6 September 2018, the Board of Directors has, based on the authorization from the Annual General Meeting on 15 May 2018, resolved to raise SEK 26 million before issue costs through a rights issue of new shares and warrants, in the form of so-called units, with preferential rights for existing shareholders, pro rata to the number of shares held on the record date.
For each existing share held on the record date 20 September 2018, shareholders received one (1) unit right. Thirteen (13) unit rights entitle the holder to subscribe for one (1) unit consisting of one (1) new share and one (1) warrant of series 2018/2021 free of charge. Subscription of units is also be possible without the exercise of unit rights.
The subscription price has been set at SEK 3 per unit, corresponding to a subscription price of SEK 3 per share. The warrants of series 2018/2021 are awarded free of charge. This implies that the rights issue will at most raise approximately SEK 26.0 million before issue costs, by issuance of a maximum of 8,665,765 new shares, resulting in a maximum increase of the Company’s share capital of SEK 5,199,459, as well as issuance of 8,665,765 warrants of series 2018/2021. Each warrant entitles the holder thereof to subscribe for one (1) new share in the Company at a subscription price corresponding to SEK 4. Application for subscription of shares may take place during the period commencing on 2 May 2019 up to and including 30 April 2021. If all warrants are exercised in full the Company will raise approximately SEK 34.7 million. The new shares will be traded on Nasdaq Stockholm. The Company will apply to have the new warrants traded on Nasdaq First North.
Full information regarding the rights issue is included in the information memorandum published by Anoto on 11 September 2018. The information memorandum is available (only in Swedish) on Anoto’s website (www.anoto.com).
The subscription period
The subscription period initially ran from 24 September 2018 until 8 October 2018. The Board of Directors of Anoto has today 28 September 2018 resolved to extend the subscription period until 15 October 2018. The reason for the extension is that the administrative process of some foreign nominees has entailed difficulties for certain shareholders to subscribe for units within the previously resolved subscription period. Hence, the Board of Directors assess that an extension of the subscription period will enable more shareholders to subscribe for units in the rights issue.
Preliminary timetable for the rights issue (all dates referring to 2018)
|24 September – |
|Trading in unit rights|
|24 September – |
|18 October||Announcement of preliminary outcome|
For further information, please contact:
Joonhee Won, CEO
Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm
Tel. +44 (0) 1256 774400
This information is information that Anoto is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 01 October 2018.
The information in this press release does not constitute an offer to acquire, subscribe for or otherwise trade in shares, warrants, unit rights or other securities in Anoto.
This press release may not be released, published or distributed, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.
No subscription rights, BTUs (interim units), shares or warrants have or will be registered under the U.S. Securities Act of 1933, as amended, (“Securities Act”), or securities legislation in any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an available exemption from the registration requirements of the Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States.
About Anoto Group
Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a leader in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and the related software. These smartpens enrich the daily lives of millions of people around the world. Now Anoto is also using its pattern, optics, and image-processing expertise to bridge between the analogue and digital domains through an initiative known as Anoto DNA (ADNA). ADNA makes it possible to uniquely and unobtrusively mark physical objects and then easily identify those individual objects using ubiquitous mobile devices such as phones and tablets. ADNA is enabling exciting possibilities for product innovation, marketing insights, and supply-chain control. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.
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