Through the rights issue, Midsona' share capital will increase by not more than SEK 363,570,200 through a rights issue of not more than 72,714,040 shares, of which not more than 298,320 shares of series A and not more than 72,415,720 shares of series B.
The new shares shall be issued at a subscription price of SEK 8.25 per share, regardless of share class.
The record date for receiving subscription rights for participation in the rights issue with preferential right is 28 November 2022. Those who are registered as shareholders in the Company on the record date receive one (1) subscription right for each share of series A held and one (1) subscription right for each share of series B held. The subscription rights entitle the holder to subscribe for new shares with preferential right, whereby one (1) subscription right of series A entitles to subscribe for one (1) new share of series A and one (1) subscription right of series B entitles to subscribe for one (1) new shares of series B.
Subscription of shares can also take place without the support of subscription rights.
As communicated in Midsona's press release on 25 October 2022, Stena Adactum AB ("Stena Adactum"), holding approximately 29.8 per cent of the shares and approximately 29.8 per cent of the votes in Midsona, has entered into a subscription and underwriting commitment in connection with the rights issue. The Swedish Securities Council has granted Stena Adactum an exemption from the mandatory bid obligation, which could emerge due to the subscription and underwriting commitment. The exemption, as far as the underwriting commitment is concerned, and thus also the underwriting commitment, was conditional on the shareholders being informed before the EGM of the maximum capital and voting share that Stena Adactum may obtain by subscribing for shares in the rights issue in addition to its preferential rights, and that the resolution to issue new shares is approved by the EGM and supported by shareholders holding not less than two-thirds of both the votes cast and the shares represented at the EGM, whereby the shares held and represented at the EGM by Stena Adactum shall be disregarded.
Since the shareholders were informed prior to the EGM, in accordance with the above, and that the rights issue was approved by the EGM and supported by shareholders holding not less than two-thirds of both the votes cast and the shares represented at the EGM, whereby the shares represented by Stena Adactum were disregarded, the conditions for the Swedish Securities Council's exemption are thus fulfilled.
For further details and background and reasons for the rights issue of shares, see the Midsona's press release from 25 October 2022.
FOR MORE INFORMATION, PLEASE CONTACT:
Peter Åsberg, President and CEO
Phone: +46 730 26 16 32
Max Bokander, CFO
Phone: +46 708 65 13 64
The information was submitted for publication through the agency of the contact persons above on 24 November 2022 at 13:00 CET.
This press release is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.
This information was distributed by Cision http://www.cisionwire.se/