Rejlers AB (the “Company”)(STO:REJL) has, pursuant to the authority granted to the board of directors by Rejler’s annual general meeting held on May 4, 2015, resolved on a directed cash issue of 600 000 new shares of class B at a subscription price of SEK 100 per share (the ”Share Issue”). The subscription price in the Share Issue has been determined through a so called accelerated book building procedure carried out by Skandinaviska Enskilda Banken AB (”SEB”). The subscribers in the Share Issue are a number of large existing and new shareholders, both Swedish and international investors of institutional nature.
The Company intends to use the proceeds from the Share Issue to partly refinance loans raised in connection with the acquisition of Orbion Consulting AB (name now changed to Rejlers TeleCom Consulting AB). The reason for deviating from the shareholders’ preferential rights is, apart from the above mentioned reason, to carry out the capital raising in a cost- and time efficient way, which the board of directors considers is in the Company's interest.
Through the Share Issue the Company is provided with SEK 60 million before transaction related costs. The Share Issue results in a dilution of approximately 4.64 percent of the number of shares and approximately 2.48 percent of the number of votes. The dilution has been calculated by dividing the number of shares and votes that are issued with the total number of shares and votes after the Share Issue.
Through the Share Issue, the number of shares in the Company will increase by 600 000 shares of class B. The Company's total number of issued shares will increase from 12 321 721 shares, 1 251 250 shares being of class A and 11 070 471 shares being of class B, to a total of 12 921 721 shares, 1 251 250 being of class A and 11 670 471 being of class B. The share capital will increase by SEK 1 200 000, from SEK 24 643 442 to SEK 25 843 442. To facilitate a prompt delivery of the new shares Lisa Rejler will temporarily lend 210 000 shares of class B to SEB. The shares will be returned when the Share Issue has been registered with the Swedish Companies Registration Office. The newly issued shares will be admitted to trading on Nasdaq Stockholm. Trading in the new shares is expected to start around December 23, 2015. SEB has acted as financial advisor and Advokatfirman Delphi has acted as legal advisor in connection with the Share Issue.
Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,100 experts work with projects in the areas of Building and property, Energy, Industry and Infrastructure. At Rejlers, you will meet specialist engineers with the knowledge, cutting edge expertise and energy to achieve results. We are still experiencing rapid growth and can now be found in 80 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 1.7 billion in 2014 and its class B share is listed on NASDAQ Stockholm. Rejlers discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.The information was submitted for publication at 08.00 am on December 17th 2015.
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