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Polygiene

Polygiene

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Polygiene AB: Polygiene completes the acquisition of SteriTouch

00:45 / 25 January 2022 Polygiene Press release

Polygiene AB (publ) ("Polygiene" or the "Company") today announces that the acquisition of the business related to SteriTouch that was announced on January 18, 2022, has been completed.

Polygiene has today, through the indirectly wholly-owned subsidiary Addmaster (UK) Limited, completed the acquisition of the business related to SteriTouch from the privately owned English company Radical Materials Limited for a total purchase price of GBP 3.5 million (approximately SEK 43.6[[1]] million). The purchase price is paid partly through a cash payment of GBP 3.15 million (approximately SEK 39.2 million) and partly through an issue of 96,153 shares in Polygiene, corresponding to a value of GBP 0.35 million (approximately SEK 4.4 million).

The subscription price per share in the new issue of the consideration shares is GBP 3.64 (approximately SEK 45.33) and corresponds to the volume weighted average share price for Polygiene's shares during the 14 trading days prior to the closing date. The new issue of the consideration shares has been resolved by the board of directors pursuant to the authorization from the Annual General Meeting on 19 May 2021. Through the new issue, the number of outstanding shares and votes increases by 96,153, from 36,430,836 to 36,526,989 and the share capital increases by SEK 9,615.30, from SEK 3,643,083.60 to SEK 3,652,698.90. The new issue entails a dilution for existing owners of approximately 0.26 percent of the number of shares and votes in the Company after the completion of the issue of the consideration shares.

In addition to the fixed purchase price, the seller may also receive an additional purchase price in cash of up to GBP 0.5 million (approximately SEK 6.2 million) based on the sales growth for the acquired business during 2022.

For more information regarding the acquisition of SteriTouch, please see the press release from January 18, 2022, when the acquisition was announced.

The information was released for public disclosure, through the agency of the contact person below, on 25 January 2022 at 00:45 CET.

For further information, please contact:
Ulrika Björk, CEO Polygiene AB (publ)
Mob: +46 70 921 12 75
E-mail: ulrika.bjork@polygiene.com

About Polygiene
As the world leader in stays fresh technologies, we want to change the way we view products - from fast consumables to durables. We treat clothes, accessories, home products, and textiles to help people stay fresh, wash less and let clothes and products live longer. Over 300 global premium brands have chosen to use the Polygiene brand with their products. With the wholly owned subsidiary Addmaster Holdings Limited, we now have the possibility to offer solutions for both soft and hard surfaces. Polygiene is listed on Nasdaq First North Growth Market in Stockholm, Sweden. For more information: www.polygiene.com. Erik Penser Bank AB is the Company's Certified Adviser, telephone: 08-463 83 00, e-mail: certifiedadviser@penser.se

[[1]] All conversions from GBP to SEK in this press release have been made according to the exchange rate 1 GBP = 12.4528 SEK.

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