Stockholm, Sweden – CLX Communications AB (publ.) – XSTO:CLX
CLX Communications AB (publ) (“CLX” or “the Company“), a leading global provider of cloud-based services – has, in accordance with the Company indicated in the press release on 30 may 2017 and with the support of the annual general meeting’s authorisation on 19 may 2017, decided on a directed share issue on 4 067 647 shares at a subscription price of SEK 120 per share. The subscription price has been determined through a book-building procedure.
The directed share issue has been fully subscribed by selected Swedish and international institutional investors. Through the directed new issue are added to the Company of approximately 488 MILLION before transaction costs.
The reason to deviate from the shareholders ‘ pre-emptive rights in a directed share issue is that on a time – and cost-effective way to enable a capital raising to reduce the CLX indebtedness and to finance further value-creating acquisitions to broaden the Company’s ownership base and increase the liquidity of the Company’s shares. Collectively and with sufficient strength, this indicates that it is in the Company’s and the shareholders ‘interest to do a new share issue with deviation from shareholders’ preferential rights.
Through the rights 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 to 53 602 089 shares and votes. The new share issue entails a dilution for the existing shareholders of approximately 8.2% based on the total number of shares of CLX at the time of the rights issue.
Handelsbanken Capital Markets is acting as Sole Lead Manager and Bookrunner in connection with the directed share issue.
For further information please contact
Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (publ.)
Mobile phone +46-768-966300
E-mail thomas.ahlerup@clxcommunications.com
If CLX Communications
CLX Communications (CLX) is a leading global provider of cloud-based communications services and solutions to enterprises and mobile operators. CLX mobile communication services makes it possible for companies to quickly, securely and cost-effectively communicate globally with their customers and connected devices – IoT (Internet of Things). CLX solutions enable business-critical communication across the world through mobile messaging services (SMS), voice services, and mobile konnektivitets services for the IoT. CLX has since the company was founded grown with profitability. The group is headquartered in Stockholm, Sweden, and a presence in 20 additional countries.
CLX Communications share is listed on NASDAQ Stockholm – XSTO:CLX.
Please visit us at: 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 “believes”, “estimates”, “expects”, “waiting”, “assume”, “anticipate”, “intend”, “may”, “continue”, “should” or similar. The forward-looking statements in this communication are based on various estimates and assumptions, which in several cases are based on additional assumptions. Even if the CLX believes that these assumptions were reasonable when they were made, are such forward-looking statements subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and which is outside the CLX control. Such risks, uncertainties and important factors could cause actual outcomes and results may differ materially from the results expressed or implied mentioned in this communication, by the forward-looking statements. The information, opinions and forward-looking statements in this notice apply only as of the date of this notice, and may change without notice.
This information is such information as CLX is required to publish under the EU marknadsmissbruksförordning. The information was submitted, through the above contacts in the government, for publication on 31 may 2017 there is 08:05
This press release is not and does not form part of any offer to acquire securities. Copies of this notice may not be made in and may not be distributed or sent into the united states, Australia, Canada, Japan or any other jurisdiction where distribution of this press release would be in violation of any applicable regulations or require registration or other measures.
The securities mentioned herein have not been and will not be, registered under the applicable U. S. Securities Act of 1933, as amended (the”Securities Act“) and, consequently, may not be offered or sold in the united states without such registration or an exemption from the registration requirements under the Securities Act and in accordance with applicable state värdepappersrätt in the united states. The company does not intend to register any part of the rights issue in the united states or conduct a public offering of shares in the united states.
The securities mentioned herein have not been and will not be registered in accordance with the applicable värdepappersrätt in Canada, Japan or Australia and, except pursuant to certain exceptions, may not be offered or sold in or to, or for the benefit of any person who is domiciled, or is located or resident in, Canada, Japan or Australia. No public offer of the securities described herein will occur in Canada, Japan or Australia.
This press release is not a prospectus within the meaning of Directive 2003/71/EC, as amended by Directive 2010/73/EU. The company has not authorised any offer to the public of shares or rights in any member state of the EEA and no prospectus has been developed or will be developed in connection with the directed share issue.
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