Lund, Sweden – 23 March 2015 – Anoto Group AB (publ) (“Anoto” or the “Company”) today
announces that it has completed a private placement of 79,625,292 new shares, providing the
Company with approximately SEK 34 million before transaction related costs.
The private placement has allowed Anoto to place 79,625,292 new shares with Scandinavian qualified investors at a price of SEK 0.427 per share through a book building procedure. The price per share is equal to 8 percent discount to the closing price on Friday, March 20 2015.
The proceeds from the Private Placement are intended to strengthen the working capital.
For the purpose of the private placement, the Board of Directors of Anoto has resolved, pursuant to the authorization granted by the extraordinary general meeting held on 2 January 2015, on a directed issue of 79,625,292 new shares. The reason for deviating from the shareholders’ preferential rights by conducting a directed new share issue is to ensure further equity in a short timeframe.
Through the issue, the number of shares in Anoto increases by 79,625,292 from 747,520,193 to 827,145,485 and the share capital increases by SEK 1,592,505.84 from SEK 14,950,403.86 to SEK 16,542,909.68.
The new issue results in an equity dilution of approximately 9.6 percent after completed issue.
Redeye AB is acting as financial advisor and sole bookrunner and Setterwalls Advokatbyrå acts as legal advisor in connection with the private placement.
The information in this press release is published pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 08.30 am on March 23, 2015.
For more information, please contact:
Stein Revelsby
CEO Anoto Group
+46 733 45 12 05
Anoto Group AB (publ.)
Traktorvägen 11
SE- 226 60 Lund
Tel.: +46 46 540 12 00
About Anoto Group
Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has over 100 employees and is headquartered in Lund (Sweden), with offices in Basingstoke and Wetherby (UK), Boston and Los Angeles (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX
Stockholm under the ticker ANOT.
For more information: www.anoto.com
Follow Anoto on Twitter at: @Anoto
IMPORTANT INFORMATION
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions.
The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Anoto Group AB (publ) securities in any jurisdiction, neither from Anoto Group AB (publ), Redeye AB (publ) nor anyone else.
