NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
The board of directors of
In connection with the Directed New Share Issue Enter Fonder will become a larger shareholder in
The Company intends to use the net proceeds from the Directed New Share Issue to partly finance the acquisition of the business related to SteriTouch in the British company
The reasons for the deviation from the shareholders' preferential rights are, in addition to raising capital in a time and cost effective manner, to enable the acquisition of the business related to SteriTouch from the Seller. Furthermore, the Directed New Share Issue is judged to have been carried out with considerably less complexity than a rights issue and that it is positive to further diversify and strengthen the ownership base in the Company among institutional and reputable investors. The board of directors' overall assessment is thus that the reasons for implementing the Directed New Share Issue with deviation from the shareholders' preferential rights outweigh the reasons that justify the main rule that new issues shall be carried out with preferential rights for the shareholders and that a new share issue with deviation from the shareholders' preferential rights is thus most advantageous for
Prior to the resolution on the Directed New Share Issue, the board of directors has placed great emphasis on the subscription price being market-based in relation to the prevailing share price. The subscription price corresponds to the volume weighted average price (VWAP) on Nasdaq First North Growth Market on
Through the Directed New Share Issue, the number of outstanding shares and votes increases by 881,251, from 35,549,585 to 36,430,836 shares and votes. The share capital increases by
In connection with the Directed New Share Issue, the Company has undertaken, with certain customary exceptions, not to issue additional shares for a period of 180 days after the completion of the Directed New Share Issue. Furthermore, the Seller has undertaken, with certain customary exceptions, not to sell the newly issued shares received as consideration for a certain period after the closing date. For half of the consideration shares, the obligation applies for 12 months from the closing date and for half of the consideration shares, the obligation applies for 24 months from the closing date. For further information regarding the acquisition, see separate press release entitled "
Advisor
This information is such that
For further information, please contact:
Ulrika Björk, CEO
Mob: +46 70 921 12 75
E-mail: ulrika.bjork@polygiene.com
About
As a worldwide market leader within stays fresh solutions, we want to change the way we look at products - from consumables to sustainable solutions. We treat clothes, accessories, products for the home and textiles so that you can feel fresh, wash less and let garments and products live longer. More than 300 global premium brands have chosen to use
Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions by law. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer to sell or an offer, or the solicitation of an offer, to acquire or subscribe for shares issued by the Company in any jurisdiction where such offer or invitation would be illegal prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. This press release is not a prospectus for the purposes of the Prospectus Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in
In the
This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision to acquire or subscribe for shares in connection with the Directed New Share Issue must be made on the basis of all publicly available information relating to the Company and the Company's shares. Such information has not been independently verified by
This press release does not constitute an invitation to warrant, subscribe, or otherwise acquire or transfer any securities in any jurisdiction. This press release does not constitute a recommendation for any investors' decisions regarding the Directed New Share Issue. Each investor or potential investor should conduct a self-examination, analysis and evaluation of the business and information described in this press release and any publicly available information. The price and value of the securities can decrease as well as increase. Achieved results do not provide guidance for future results. Neither the contents of the Company's website nor any other website accessible through hyperlinks on the Company's website are incorporated into or form part of this press release.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. 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 Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to 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 press release, unless it is not required by law or Nasdaq First North Growth Market's rule book for issuers.
Information to distributors
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in
Each distributor is responsible for undertaking its own target market assessment in respect of the shares in
https://news.cision.com/polygiene-ab/r/polygiene-completes-a-directed-new-share-issue-of-approximately-sek-40-million,c3488433
https://mb.cision.com/Main/13573/3488433/1522100.pdf
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