CLX completes a directed new share issue of 4,067,647 shares, raising approximately SEK 488 million

Stockholm, Sweden - CLX Communications AB (publ.) - XSTO:CLX

CLX Communications AB (publ) ("CLX" or the "Company") - a leading global provider of cloud-based communications services - has, in accordance with what the Company indicated in a press release on 30 May 2017 and based on the authorization granted by CLX`s annual general meeting on 19 May 2017, resolved on a directed new share issue of 4,067,647 shares at a subscription price of SEK 120 per share. The subscription price has been determined through a book-building process.

The directed new share issue has been fully subscribed by selected Swedish and international institutional investors. Through the directed new share issue CLX will raise approximately SEK 488 million before issue costs.

The reason for deviating from the shareholders` preferential rights by conducting a directed new share issue is to, in a timely and cost efficient manner, enable the raising of capital to decrease CLX`s leverage and to finance continued value creating acquisitions, to extend the Company`s shareholder base and enhance the liquidity of the Company`s shares. Together, these reasons indicate with sufficient strength that it is in the Company`s and the shareholders` interest that the new share issue is made with deviation from the shareholders` preferential rights.

Through the new share issue, the number of shares and votes in the Company will increase by 4,067,647 shares and votes, from 49,534,442 shares and votes up to 53,602,089 shares and votes. The new share issue entails a dilutive effect on existing shareholders of approximately 8.2 percent based on the total number of shares in CLX at the time of the new share issue.

Handelsbanken Capital Markets acts as Sole Lead Manager and Bookrunner in conjunction with the directed new share issue.

For further information, please contact:
Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (publ.)
Mobile +46-768-966300
E-mail thomas.ahlerup@clxcommunications.com


About CLX Communications
CLX Communications (CLX) is a leading global provider of cloud-based communication services and solutions to enterprises and mobile operators. CLX`s mobile communication services enable companies to quickly, securely and cost-effectively communicate globally with customers and connected devices - Internet of Things (IoT). CLX`s solutions enable business-critical communications worldwide via mobile messaging services (SMS), voice services and mobile connectivity services for the IoT. CLX has grown profitably since the company was founded. The Group is headquartered in Stockholm, Sweden, and has presence in a further 20 countries.