Opus Group’s rights issue fully subscribed

The new share issue in Opus Group AB (publ) (“Opus Group”) with preferential rights for the company's shareholders, for which the subscription period ended on 9 October 2012, has been fully subscribed. 38 343 282 shares, corresponding to approximately 99,30 per cent of the shares offered, have been subscribed for by exercise of subscription rights and 269 127 shares, corresponding to approximately 0,70 per cent of the shares offered, have been allocated to persons that have subscribed for shares without subscription rights. In total, applications for subscription of shares without subscription rights corresponding to approximately 47,24 per cent of the shares offered have been received. Accordingly, performance under the rights issue guarantee undertakings have not been called for.


Mölndal, Sweden, 2012-10-15 09:47 CEST (GLOBE NEWSWIRE) --

Allotment of the shares that were subscribed for without subscription rights have been made in accordance with the principles outlined in the prospectus that has been prepared in connection with the rights issue and that was published on 24 September 2012. Notification regarding allotment of shares that have been subscribed for without subscription rights will be sent within short to those who have been allotted shares.

Through the rights issue, Opus Group receives approximately 50.2 MSEK before deduction of costs related to the rights issue. The share capital will increase by SEK 772 248,18 from SEK 3 861 240,92 to SEK 4 633 489,10 and the number of shares will increase by 38 612 409 from 193 062 046 shares to in total 231 674 455 shares when the rights issue has been registered with the Swedish Companies Registration Office. Trading on NASDAQ OMX First North Premier in the new shares subscribed for by exercise of subscription rights is expected to commence around October 22, 2012. Trading in shares subscribed for without subscription rights is expected to commence around October 30, 2012.

 

Deal advisors

Swedbank Corporate Finance acts as lead financial adviser and Mannheimer Swartling Advokatbyrå acts as legal adviser to Opus Group in connection with the rights issue.

Gothenburg, Sweden, 15th of October 2012

Opus Group AB (publ)

This press info is available in Swedish at www.opus.se.

 

For additional information, please contact

Magnus Greko

President and CEO

Phone: +46 31 748 34 91

E-mail: magnus.greko@opus.se

 

Peter Stenström

Investor Relations

Phone: +46 765 25 84 93

E-mail: peter.stenstrom@opus.se

 

Opus’ Certified Adviser

Thenberg & Kinde Fondkommission AB

Box 2108

SE-403 12 Gothenburg
Sweden

Phone: +46 31 745 50 00

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The Opus Group operates vehicle inspection programs and develops, manufactures and sells equipment and IT systems to the vehicle inspection industry. Opus Group’s subsidiary Systech operates vehicle inspection programs in the U.S., Bermuda and Peru. Opus Group’s subsidiary ESP is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment, Opus Bima and J&B Maskinteknik, Opus Group conducts production, sales and service of emission control equipment for vehicle inspection companies and vehicle workshops. In July 2012, Opus Group signed an agreement with Bilprovningen to acquire a third of Bilprovningen’s business. Opus Groups revenues amounted to approx. SEK 232 million in 2011. The 2011 pro forma revenues amounted to approx. SEK 953 million. Opus Group’s shares are listed on Nasdaq OMX First North Premier.

IMPORTANT INFORMATION

This press release may not be released, published or distributed, directly or indirectly in or into the United States, Australia, Hong Kong, Canada, Japan, New Zealand, South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced in a manner that contravenes such restrictions or would require such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 ("Securities Act") or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, pledged, sold, resold or transferred, directly or indirectly within the United States, other than pursuant to a written consent from Opus Group and an applicable exemption from the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States. The securities are made available outside of the USA in accordance with Regulation S under the Securities Act. There will be no offer to the general public in the United States. Any offers of securities in the United States will only be made to a limited number of existing shareholders, who (i) Opus Group in its own discretion deems qualified enough to be offered securities without the risk of triggering the registration requirements of the Securities Act and (ii) have signed and submitted a so-called investor letter to Opus Group.

This press release may contain certain forward-looking statements which reflect Opus Group’s current view on future events and financial and operational development. Words such as "intend", "expect", "anticipate", "may", "plan", "estimate" and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the real outcome could differ materially from the forward-looking statements.


Attachments

PM 2012-10-15 Opus Group's rights issue fully subscribed.pdf