NOT FOR PUBLICATION, DISTRIBUTION, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO
- As announced on
November 28, 2022 , in connection with the offering to subscribe for shares in LumenRadio and the listing of the Company's shares on Nasdaq First North Growth Market (the "Offering"), SEB has in its role as stabilisation manager, had the possibility to conduct transactions in the Company's share to maintain the market price for the shares at a level above that which might otherwise prevail in the open market.
-
To cover any over-allotment in the Offering,
Latour Industries AB andAlmi Invest AB granted an over-allotment option to SEB to acquire a maximum of 861,413 existing shares, corresponding to 15 per cent of the number of shares in the Offering.
-
No stabilisation activities have been carried out since the listing on
December 8, 2022 , and due to the Company's share price performance SEB has decided to fully exercise the over-allotment option and end the stabilisation period in advance.
About LumenRadio
LumenRadio is a
LumenRadio operates through two different business areas: Lighting & Smart Cities (L&SC) as well as Building & Industrial Control Systems (B&ICS). The Company has long-term, solid experience of lighting control in major events, and LumenRadio's customers have historically mainly consisted of companies that are established within professional lighting. In recent years, the Company has also strengthened its position within building automation as well as solutions for industrial communication. In 2021, the Company achieved sales of approximately
A significant share of LumenRadio's revenues come from sales to OEMS through so called design wins. This means that the customer integrates LumenRadio's technology in its products in the form of radio modules or software, generating license revenues for LumenRadio throughout the product's life cycle.
Advisors
SEB is acting as Sole Global Coordinator and Bookrunner in connection with the Offering. Advokatfirman Vinge KB is acting as legal advisor to LumenRadio, and Advokatfirman Cederquist KB is acting as legal advisor to SEB. In connection with the Offering,
For additional information, please contact:
Phone: +46 (0)70 377 24 15
Email: alexander.hellstrom@lumenradio.com
Phone: +46 (0)70 723 09 30
Email: susanne.gerdin@lumenradio.com
This is information that
Important information
This announcement is not and does not form a part of any offer or invitation to acquire or subscribe for any securities in LumenRadio.
This announcement is not issued to and may not be distributed or sent into
The securities described herein have also not been and will not be registered under the applicable securities laws of
The offering of the securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the
In any EEA Member State other than
This communication is only being distributed to and is only directed at persons in the
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
In connection with the offer or sale of securities referred to herein, SEB may over-allot securities/conduct stabilization or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. Any stabilization action or over-allotment will be conducted by SEB and/or its subsidiary in accordance with all applicable laws and rules.
https://news.cision.com/lumenradio/r/exercise-of-the-over-allotment-option-in-lumenradio-and-end-of-stabilisation-period-in-advance,c3685939
https://mb.cision.com/Main/21912/3685939/1742557.pdf
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