|
At the extraordinary general meeting of myFC Holding AB ("myFC") on May 9, 2018,
a new issue of shares with preferential rights for the shareholders was decided
and, in the event of a transfer, an over delivery by a separate directed issue
without preference.
The rights issue was limited to a maximum of 25,011,709 shares and the overdraft
space was limited to 8,330,000 shares. The issue price was SEK 3 per share.
Three shares entitled to the subscription of two new shares. The subscription
period, with and without preferential rights, lasted from May 23 to June 11
2018.
The rights offering is now successfully completed. A total of 32,307,523 shares
were subscribed to, of which 22,621,928 with preferential rights (under
subscription rights) and 9,685,595 without preferential rights. That means the
new issue was subscribed at approximately 129.2 percent and that there is no
need to claim subscriptions from the guarantee consortium.
Due to the oversubscription, the Board has decided to utilize the available
oversubscription space for a separate directed issue of 7,295,814 shares. All
those who have subscribed for shares in the rights issue will therefore receive
full allocation.
“We are already hard at work implementing our revised strategy, and now well
equipped to continue our intensified efforts towards the market needs we have
identified in regard to battery-powered mobile devices and electric vehicles,"
said Björn Westerholm, CEO of myFC.
“I am very pleased that the rights issue was oversubscribed and that we can use
the oversubscription issue. We extend gratitude toward our owners, not least our
institutional owners, for their continued confidence in us," said Jörgen Lantto,
Chairman of the Board of MyFC.
The new issue will generate approximately SEK 96.9 million for myFC, before
issue costs. Registration of the issue is expected to take place approximately
three weeks after the complete subscription payment has been received. After
registration of the new issue, the number of shares in myFC will amount to a
total of 69,825,087.
Slight adjustments in the above number of shares and amounts may occur after
final settlement.
This information is information that myFC is obliged to make public pursuant to
the EU Market Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out below, at 15:55 CET on 12 June
2018.
For further information, please contact:
myFC Press Office
Email: press@myfc.se
Phone: +46 (0) 738 09 33 83
About myFC
MyFC is a Swedish innovation company and market leader in micro fuel cells which
develops green energy solutions and markets the underlying components and
advantages of its patented technologies to the smartphone world, power bank
manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC
launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ
Hybrid is the company''s third hydrogen-powered product following JAQ and
PowerTrekk. It runs on the company''s patented fuel consisting of salt, water and
reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB.
MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is
located in Stockholm and the company''s Certified Advisor is Avanza Bank. For
more information, visit www.myfcpower.com |