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Press release 14 December 2018, 14:30 CET
Announcement from FlexQube''s extra general meeting
The extra general meeting of FlexQube AB (publ) ("FlexQube" or the "Company")
was held today on 14 December 2018 and the following resolution was passed by
the meeting.
Approval of the board of directors'' resolution to issue new shares
In accordance with previously announced information the board of directors, on
28 November 2018, resolved to issue shares, with deviation from the
shareholders'' preferential rights, subject to the extra general meeting''s
subsequent approval. The extra general meeting has today resolved to approve the
board of directors'' resolution to issue a maximum of 1,100,000 shares.
The share issue is carried out at a subscription price of SEK 57 per share.
Through the share issue the Company raises SEK 62.7 million before issue costs.
The subscription price in the Share Issue has been decided through an
accelerated book-building procedure (“Book-building”) led by Carnegie Investment
Bank AB (publ). By establishing the subscription price in the share issue
through a Book-building, it is the board of directors’ assessment that the
subscription price is set based on market terms.
Right to subscribe for the new shares, without the shareholders'' preferential
rights, shall be attributed to Carnegie Investment Bank AB (publ) for the
benefit of the shareholders who have lent shares in connection with the Book
-building or for the benefit of the investors who have notified their interest
in the Book-building.[1]
The reason for the deviation from the shareholders'' preferential rights is to
diversify the shareholder base among institutional investors and at the same
time carry out a capital raise in an effective manner and at attractive terms to
finance the Company’s continued growth and working capital as well as partially
for the market introduction of the FlexQube 4.0 concept.
The share issue entails a dilution of approximately 17.4 percent of the number
of shares and votes in the Company[2] whereby the number of shares and votes in
the Company will increase by 1,100,000 to 7,433,333. The share capital will
increase by SEK 110,000, from approximately SEK 633,333 to approximately SEK
743,333.
More information about the share issue is available in the notice available at
the Company website, www.flexqube.com.
About FlexQube
FlexQube offers a unique and patented concept for design and manufacturing of
robust, modular and flexible carts and storage racks. The Company manufactures
in Sweden and the U.S. with distribution in Europe and North America, including
Mexico. The Company was listed on Nasdaq First North in Sweden on 14 December
2017.
FlexQube’s customers comprise world leading manufacturers within the vehicle,
energy, defense, aircraft, white goods and heavy equipment industry, for
example, Volvo Cars, Autoliv, Scania, Whirlpool, Eberspächer and Oshkosh.
For further information, please contact CEO, Anders Fogelberg
anders.fogelberg@flexqube.com
+46 702 86 06 74
The share (FLEXQ) is traded on Nasdaq First North. Avanza Bank, tel. +46 8 409
421 20, is the Company’s Certified Adviser. More information is available on
www.flexqube.com.
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[1] For purposes of facilitating delivery of shares to the investors, the
Company’s principal owners, Christian Thiel (through Feldthusen Invest AB), Per
Augustsson (through AuguTech AB) and Anders Fogelberg (through Birdmountain
Invest AB) have lent shares to Carnegie Investment Bank AB (publ) for delivery
to investors in the Book-building. The shares will be returned following
registration of the share issue with the Swedish Companies Registration Office.
[2] Based on the number of outstanding shares before the Share Issue. |