GOMSPACE ANNOUNCES THE OUTCOME OF ITS INITIAL PUBLIC OFFERING IN CONNECTION WITH LISTING ON NASDAQ FIRST NORTH STOCKHOLM (PREMIER SEGMENT)
GS Sweden AB (publ) (the ”Company” or “GomSpace”), parent company of GomSpace ApS, today announces the outcome of its initial public offering of new shares in connection with listing on Nasdaq First North Stockholm (Premier Segment).
The subscription period ended on 1 June 2016 and GomSpace welcomes its new shareholders. The offering was carried out in order to broaden the shareholder base and provide working capital for the planned expansion and development of the business operations.
The total proceeds from the offering were SEK 100 million (before guarantee and other transaction costs). This means that 8,000,000 of the maximum 10,000,000 new shares were subscribed for at the fixed subscription price of SEK 12.50 per share. Of the 8,000,000 new shares, 5,735,124 shares, corresponding to approximately 72 percent of the shares subscribed for were allotted to the general public in Sweden, Denmark and Norway as well as to professional investors. In addition, 2,264,876 shares, corresponding to approximately 28 percent of the shares subscribed for were allotted to the guarantee consortium.
”We are very proud that we can announce a subscription of SEK 100 million. The current IPO activity in Sweden is very intense, and the competition for the Swedish investor resources is henceforth very fierce. Nonetheless, Swedish investors have found a solid interest in GomSpace. We are at the same time positively surprised about the scale of the backing from the Danish investors”, says Niels Buus (CEO).
Only subscribers who have been allotted shares will receive contract notes and the expected settlement day of the offering is 10 June 2016.
The first day of trading on Nasdaq First North Stockholm (Premier Segment) is planned to occur on or about 16 June 2016.
Upon registration of the offering with the Swedish Companies Registration Office, the share capital will be increased with SEK 560,000 from SEK 973,513.38 to SEK 1,533,513.38 and the number of shares will increase with 8,000,000 from 13,907,334 to 21,907,334. No new shareholder will have an ownership percentage in the Company of 5 per cent or more.
Advisers Stockholm Corporate Finance AB has acted as financial adviser and Setterwalls Advokatbyrå AB and EY Law AB has acted as legal advisers to the Company in connection with the offering.
For more information, please contact: Peter Enström, CEO Stockholm Corporate Finance Tel: + 46 8 440 56 47 Email: peter.enstrom@stockholmcorp.se Niels Buus, CEO GomSpace Tel: +45 9635 6111 Email: nbu@gomspace.com
Miscellaneous The board of directors of the Company has applied for listing of the Company’s shares at Nasdaq First North Stockholm (Premier Segment) and has engaged FNCA Sweden AB as Certified Adviser.
About GomSpace The Company’s business operations are conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace develops and sells products and perform service and maintenance in the global nanosatellite market. For more information, please visit our website www.gomspace.com.
About Stockholm Corporate Finance Stockholm Corporate Finance is a Swedish, independent and privately owned financial advisor offering qualified transaction based advisory services by acting in capital raisings, changes in ownership, acquisition, merger and acquisitions (M&A) in listed and privately held companies. Stockholm Corporate Finance is the exclusive Swedish partner in the global network of M&A Worldwide consisting of 44 M&A advisors and investment banks in 38 countries. Stockholm Corporate Finance is an investment firm which is supervised by the FSA and is a member of the trade organization SwedSec Licensing AB. www.stockholmcorp.se
