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Inission AB’s (“Inission” or “Company”) Board of Directors has, with the support of the authorization from the Annual General Meeting on May 7, 2020, decided on a directed new share issue of 960,000 Series B shares (the “Directed Issue”) at a subscription price of SEK 92,0 per share, which means that the Company will receive approximately SEK 88.3 million before issue costs.
The subscription price in the Directed Issue has been determined by the Company’s Board of Directors, in consultation with Nordea Bank Abp, a branch in Sweden (“Nordea”), based on the assessed investment interest from institutional investors. The subscription price in the private placement corresponds to a discount of approximately 6.1 percent in relation to the closing price on Nasdaq First North Growth Market on September 29, 2020. Subscribers in the private placement consist of both the Company’s existing shareholders Lars Wingefors AB and the new reputable institutional investors Creades AB (via endowment insurance), Handelsbanken Fonder AB and JCE Group AB.
– We are very grateful for the trust that the new shareholders have shown in the company. The great industrial expertise that the new shareholders represent is welcomed and we are really looking forward to exchanging experiences for further development. Through the issue, we have gained the muscles to develop the business further and this confirms that we are right with our idea of acquisition-driven growth, Says Fredrik Berghel, Chairman of the Board of Inission AB.
NOTE. This is an abbreviated version of the press release. The press release in its entirety is only available in Swedish.
For more information:
Fredrik Berghel, Chairman of the Board Inission AB
+46 732 02 22 10
fredrik.berghel@inission.com
This information is a type of information that Inission AB is obliged to disclose under the EU Market Abuse Regulation. The information was submitted for publication by the contact above on September 29th 2020 at the time of 20:00 CET.
About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Trondheim (Norway), Lohja (Finland), Lagedi and Tallinn (Estonia). Inission is listed on OMX Nasdaq First North with Stockholm Certified Advisers AB (info@certifiedadviser.se, +46 707 94 90 73) as a certified adviser. The company’s reports are archived under: www.inission.com/investor-relations
Inission AB: org.nr 556747-1890, Lantvärnsgatan 4, 652 21 Karlstad