In This Article:
Anoto Group AB (the "Company" or "Anoto") hereby announces the outcome of the Company’s rights issue of approximately SEK 50 million (the “Rights Issue”) for which the subscription period ended on 19 December 2024. The Rights Issue has been subscribed to approximately 37.5 percent with and without the support of subscription rights. Underwriting commitments of 259,308,520 shares, corresponding to approximately 62.5 percent of the Rights Issue, will thus be utilized. The Rights Issue provides the Company with proceeds of approximately SEK 50 million before transaction costs and before set-off of loans.
Final outcome
In the Rights Issue, 154,891,590 shares were subscribed for with subscription rights, corresponding to approximately 37.3 percent of the Rights Issue. In addition, 623,720 shares were subscribed for without the support of subscription rights, corresponding to approximately 0.2 percent of the Rights Issue. Together, subscription with and without the support of subscription rights thus corresponds to approximately 37.5 percent of the Rights Issue. Thus, guarantee commitments of 259,308,520 shares, corresponding to approximately 62.5 percent of the Rights Issue, will be utilised. This entails that the authorisation to decide on an over-allotment issue if the Rights Issue was oversubscribed, which was resolved by the extraordinary general meeting on 26 November 2024, will not be utilised.
The proceeds from the Rights Issue, together with the directed issue of approximately SEK 15 million (the “Directed Issue”) and the set-off issue of approximately SEK 21 million (the “Set-off Issue”) as announced on 25 October 2024 and resolved by the EGM on 26 November 2024, amounts to approximately SEK 86 million before transaction related costs. Of the issue proceeds, approximately SEK 47 million relates to set-off of loans in the issues.
The last day of trading with BTAs is expected to occur on or about 8 January 2025. The first day of trading the new shares on Nasdaq Stockholm is expected to be 16 January 2025.
Notice of allotment
Allotment of shares has taken place in accordance with the allotment principles set out in the prospectus that was published on 29 November 2024. Notice of allotment to the persons who have subscribed for shares without subscription rights is expected to be distributed on 27 December 2024. Such subscribed and allotted shares shall be paid for in cash in accordance with the instructions on the contract note. Subscribers who have subscribed for shares through a nominee will receive notification of allocation in accordance with the respective nominee’s procedures. Only those who have been allotted shares will be notified.