The interest to participate in Inissions share issue in connection with its listing on Nasdaq First North was very high and the issue of SEK 20 million was oversubscribed almost 4 times. The Company is now recieving about SEK 20 million before issue costs and approximately 2 000 new shareholders.
-It’s time to celebrate; we have received an overwhelmingly positive response from the market during the subscription period, which is now manifested in the large oversubscription of the shares. Our customers and employees have also been enthusiastic regarding Inissions next step in its development. It is also gratifying to see that so many of our employees have subscribed for shares in our Option program. Once again it shows that Inission is a little more passionate with a general stock option program for all employees, which is unusual in our industry. Now we want to conclude by thanking all those who showed interest during the subscription period and especially thank all new shareholders who have shown confidence in us.
/Olle Hulteberg & Fredrik Berghel, owners of Inission
Inission AB (publ) (“Inission” or the “Company”) announced May 12, 2015 an offer to subscribe a maximum of 200,000 class B shares (the “Offer”), at a subscription price of SEK 100 per share. The offer was directed to the public in Sweden. The acceptance period for the Offer expired on 2 June 2015. The interest to subscribe for B shares in Inission has been great both from the public and from institutional investors and the offer was significantly oversubscribed. The issue provides Inission approx. SEK 20 million before issue costs. After the new issue the total number of shares in Inission amount to 1 200 000, of which 999 999 class B shares and 200,001 A shares. Date of settlement is 5 June 2015 and expected first day of trading of the newly issued B shares on Nasdaq First North is June 10, 2015. Avanza Bank has been an advisor in connection with the issue and will also be Inissions Certified Adviser.
– Inission AB (publ) (“Inission”) new issue of SEK 20 million was heavily oversubscribed
– Inission receives about 2 000 new shareholders
– Inission receives about SEK 20 million, before issue costs
– Share price of the issue is SEK 100
– The settlement date is June 5, 2015
– First day of trading on Nasdaq First North is expected to be June 10, 2015
For further information, please contact:
Fredrik Berghel, CEO Inission
fredrik.berghel@inission.com
+46 732 02 22 10
www.inission.com
About Inission
Inission is a profitable total supplier of customized manufacturing and logistics services in advanced industrial electronics. Inission develops and manufactures complete solutions or components for medical technology, automotive, measuring instruments, marine and control engineering. The company has five production units located in Stockholm, Gothenburg, Munkfors, Pajala and Tallinn with a total turnover of approximately SEK 250 million. Inission has about 170 employees. The company’s Certified Advisor is Avanza Bank.
Important information
This press release is not an offer of any securities of Inission. The Offer is not, directly or indirectly, intended for investors resident in the United States, Australia, Canada, Hong Kong, Japan or South Africa or any other country where participation in the Offer would require a prospectus, registration or other measures than those pursuant to Swedish law or would conflict with regulations in such country. The company description, application form and other related to the Offer documents may not be distributed in or into any country where such distribution or the offer requires measures as stated in the preceding sentence, or where they would conflict with regulations in such country. No new shares or other securities of Inission have been or will be registered under the United States Securities Act of 1933, or under the securities laws of any state of the United States or any province in Canada. Accordingly, no new shares or other securities of Inission transferred or offered for sale in the US or Canada, other than in such exceptional cases that do not require registration. The issue is directed only at (i) persons who are outside the United Kingdom; (ii) investment professionals falling