CLX completes a directed new share issue of 4,067,647 shares, raising approximately SEK 488 million
May 31 2017 - 2:06AM
Stockholm, Sweden
- CLX Communications AB (publ.) - XSTO:CLX
CLX Communications AB (publ)
("CLX" or the "Company")
- a leading global provider of cloud-based communications services
- has, in accordance with what the Company indicated in a press
release on 30 May 2017 and based on the authorization granted by
CLX's annual general meeting on 19 May 2017, resolved on a directed
new share issue of 4,067,647 shares at a subscription price of SEK
120 per share. The subscription price has been determined through a
book-building process.
The directed new share issue has
been fully subscribed by selected Swedish and international
institutional investors. Through the directed new share issue CLX
will raise approximately SEK 488 million before issue costs.
The reason for deviating from the
shareholders' preferential rights by conducting a directed new
share issue is to, in a timely and cost efficient manner, enable
the raising of capital to decrease CLX's leverage and to finance
continued value creating acquisitions, to extend the Company's
shareholder base and enhance the liquidity of the Company's shares.
Together, these reasons indicate with sufficient strength that it
is in the Company's and the shareholders' interest that the new
share issue is made with deviation from the shareholders'
preferential rights.
Through the new share issue, the
number of shares and votes in the Company will increase by
4,067,647 shares and votes, from 49,534,442 shares and votes up to
53,602,089 shares and votes. The new share issue entails a dilutive
effect on existing shareholders of approximately 8.2 percent based
on the total number of shares in CLX at the time of the new share
issue.
Handelsbanken Capital Markets acts
as Sole Lead Manager and Bookrunner in conjunction with the
directed new share issue.
For further
information, please contact:
Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (publ.)
Mobile +46-768-966300
E-mail thomas.ahlerup@clxcommunications.com
About CLX
Communications
CLX Communications (CLX) is a leading global provider of
cloud-based communication services and solutions to enterprises and
mobile operators. CLX's mobile communication services enable
companies to quickly, securely and cost-effectively communicate
globally with customers and connected devices - Internet of Things
(IoT). CLX's solutions enable business-critical communications
worldwide via mobile messaging services (SMS), voice services and
mobile connectivity services for the IoT. CLX has grown profitably
since the company was founded. The Group is headquartered in
Stockholm, Sweden, and has presence in a further 20
countries.
CLX Communications' shares are
traded at NASDAQ Stockholm - XSTO:CLX.
To learn more please
visit: www.clxcommunications.com
Important
information
This communication may contain certain forward-looking statements.
Such statements are all statements that do not relate to historical
facts and include expressions such as "believe", "estimate",
"anticipate", "expect", "assume", "predict", "intend", "may",
"presuppose", "should" or similar. The forward-looking statements
in this release are based on various estimates and assumptions that
in several cases are based on additional assumptions. Although CLX
believes these assumptions were reasonable when made, such
forward-looking statements are subject to known and unknown risks,
uncertainties and other important factors that are difficult or
impossible to predict and that are beyond CLX's control. Such
risks, uncertainties and important factors could cause the actual
results to differ materially from the results expressly or
implicitly indicated in this communication through the
forward-looking statements. The information, perceptions and the
forward-looking statements in this release apply only as of the
date of this release and may change without notice.
This information
is information that CLX Communications AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication under the
auspices of the above contact on 31 May 2017 at 08:05 AM
CET.
This communication is not and does
not form a part of any offer for sale of securities. Copies of this
communication are not being made and may not be distributed or sent
into the United States, Australia, Canada, Japan or any other
jurisdiction in which such distribution would be unlawful or would
require registration or other measures.
The securities referred to in this
announcement have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), and
accordingly may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state
securities laws. The Company does not intend to register any part
of the share issue in the United States or to conduct a public
offering of securities in the United States.
The securities referred to herein
have also not been and will also not be registered under the
applicable securities laws of Canada, Japan or Australia and,
subject to certain exemptions, may not be offered or sold in or
into or for the account or benefit of any person having a
registered address in, or located or resident in, Canada, Japan or
Australia. There will be no public offering of the securities
described herein in Canada, Japan or Australia.
This press release is not a
prospectus for the purposes of Directive 2003/71/EC as amended
through Directive 2010/73/EU. The Company has not authorized any
offer to the public of shares or rights in any member state of the
EEA and no prospectus or other offering document has been or will
be prepared in connection with the directed share issue.
Every care has been taken into consideration when
translating this press release into English. In the event of
differences between the English version and the Swedish original,
the Swedish version shall apply.
170531_CLX completes a directed new
share issue_FINAL_ENG
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CLX Communications AB (publ) via
Globenewswire
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