Last day of trading in unit rights in Insplorion AB

MARKN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL MEASURES OTHER THAN THOSE REQUIRED BY SWEDISH LAW. SEE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.

Today, November 6, 2023, is the last day of trading in the unit rights that were issued in conjunction with Insplorion AB:s (”Insplorion” or the ”Company”) rights issue of units, which was resolved by the Board of Directors on September 15, 2023, and subsequently was approved at the Extraordinary General Meeting on October 18, 2023 (”The Rights Issue”). Unit rights that are not sold or exercised for subscription will expire worthless.

The Rights Issue in summary:

  • Subscription period: 26 October – 9 November 2023 
  • Trading in unit rights: 26 October – 6 November 2023
  • Date for publication of the outcome of the Rights Issue: Around 13 November 2023
  • Preferential right: Each share held in Insplorion on the record date of October 23, 2023, entitled to one (1) unit right. One (1) unit right gives the right to subscribe for one (1) unit. One (1) unit consists of one (1) newly issued share and one (1) newly issued warrant of series TO2. The warrants are issued free of charge
  • Subscription price: SEK 1.50 per unit, corresponding to SEK 1.50 per share
  • Issue proceeds: Upon full subscription in the Rights Issue, the Company will receive approximately SEK 19.6 million before issue costs. Upon full exercise of all warrants of series TO2, within the framework of issued units, the Company may receive an additional maximum amount of approximately SEK 39.3 million before issue costs

 
More details regarding the Rights Issue are also available on the following link: Issue page,
and a Company presentation from November 2 by Johan Rask, CEO, on the following link: Invest Live
 
Advisors
Naventus Corporate Finance AB is financial advisor and Fredersen Advokatbyrå AB is legal advisor to Insplorion in connection with the Rights Issue. Hagberg & Aneborn Fondkommission AB is the issuing agent in connection with the Rights Issue.

For further information, please contact:
Johan Rask, VD, Insplorion 
Tel: 070-894 60 60
E-post: johan.rask@insplorion.com

Per Giljam, CFO, Insplorion 
Tel: 073-423 50 10
E-post: per.giljam@insplorion.com
www.insplorion.com
 
Important information
The publication, announcement or distribution of this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release in the jurisdictions where this press release has been published, announced or distributed should inform themselves about and observe such restrictions. This press release does not constitute an offer or an invitation to acquire or subscribe for any securities in the Company in any jurisdiction. Any invitation to the persons concerned to participate in the Rights Issue will only be made through the EU growth prospectus that the Company publishes in connection with the Rights Issue.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration, or an exemption from registration, under the U.S. Securities Act of 1933, as amended. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United Kingdom, the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Russia, Belarus or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable laws and regulations.
This press release is not a prospectus under Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. Within the European Economic Area, there is no public offering of securities in any country other than Sweden. In other member states of the European Union, such an offer can only be made in accordance with exemptions in the Prospectus Regulation.
This press release contains certain forward-looking information that reflects the Company's current view of future events and financial and operational development. Words such as "intend", "expect", "anticipate", "may", "plan", "believe", "estimate" and other expressions that imply indications or predictions of future developments or trends, and that are not based on historical facts, constitute forward-looking information. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking information is not a guarantee of future results or developments, and actual outcomes may differ materially from those expressed in forward-looking information.

Datum 2023-11-06, kl 08:30
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