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The subscription period in the RNB Retail and Brands AB (publ) rights issue ended on the 22 April 2013. Through the transaction, the company will receive approx. SEK 463 million before transaction costs.
“I am pleased with the rights issue outcome and grateful that such a predominant majority of our shareholders choses to support the company. Now we can focus 100 per cent on developing the business and, among other things, complete on-going rationalisations and rationalisation programs related to the strategic review of JC” says Magnus Håkansson, CEO of RNB Retail and Brands
Adding the subscriptions together shows that 67.26 per cent of the offered shares have been subscribed for with subscription rights and 4.38 per cent of the offered shares have been subscribed for without subscription rights. The remaining 28.36 per cent have been subscribed for by an underwriting consortium consisting of a number of investors. Notice regarding allocation of shares subscribed for without subscription rights will be sent to those who have been allocated shares within short.
Through the rights issue, the share capital will increase by SEK 198,510,298.47 from SEK 4,962,757.53 to SEK 203 473 056 and the number of shares will increase with 6,617,009,949 from 165,425,251 shares to 6,782,435,200 shares, as soon as the rights issue has been registered with the Swedish Companies Registration Office.
Last day for trading interim shares (Sw. “BTA”) is on the 29 April 2013. The new shares are expected to start trading on NASDAQ OMX Stockholm on the 8 May 2013