MQ Holding AB announces final outcome of the guaranteed rights issue

The final outcome of the guaranteed rights issue in MQ Holding AB (publ) ("MQ" or the "Company") shows that 54,097,394 shares, corresponding to approximately 76.9 percent of the rights issue, were subscribed for by way of subscription rights. In addition, applications for subscription without subscription rights have been received for 2,063,013 shares, corresponding to approximately 2.9 percent of the rights issue. Guarantee undertakings of 14,152,607 shares, corresponding to approximately 20.1 percent of the number of shares in the rights issue, are thus being utilised. The rights issue provides the Company with approximately SEK 176 million before deduction of costs related to the issue.

The rights issue will increase MQ's share capital with SEK 7,031,301.40 to SEK 10,546,952.10, and the total number of shares will increase by 70,313,014 shares to 105,469,521 shares, following registration of the rights issue with the Swedish Companies Registration Office ("SCRO").

Once the share capital increase has been registered with the SCRO, paid subscribed shares (BTA) will be converted into new shares which will then be admitted to trading at Nasdaq Stockholm. New shares subscribed for by way of subscription rights are expected to start trading at Nasdaq Stockholm on or about May 27, 2019 and new shares subscribed for without subscription rights are expected to start trading on or about June 4, 2019.

Allotment of shares subscribed for without subscription rights and under the guarantee undertaking has been made in accordance with the principles set out in the prospectus. As confirmation of allocation of shares subscribed for without subscription rights, a contract note will be dispatched to those who have been allotted shares, which is expected to happen on or about May 22, 2019. Only those who are allotted shares will be notified. Subscribed and allotted shares shall be paid for in cash in accordance with the instructions on the contract note. Shareholders with nominee-registered holdings will receive notification of allotment and payment in accordance with the procedures of the respective nominee.  

Advisors
DNB Markets, a part of DNB Bank ASA, Sweden Branch is financial advisor and Cederquist is legal advisor to the Company in conjunction with the rights issue.

This information is information that MQ Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on May 21, 2019 at 21:30 CEST

For further information, please contact:
Ingvar Larsson, President and CEO: +46 31-388 80 70
Ola Wahlström, CFO: + 46 31-388 80 80
Christine Abrahamsson, IR Manager: +46 31-388 80 23

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in MQ Holding AB ("MQ"). An invitation to the persons concerned to subscribe for shares in MQ was only made through the prospectus which MQ published on May 2, 2019.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, Singapore, Switzerland, the United States or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.

The subscription rights, paid subscribed shares and shares in MQ have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities legislation of any state or other jurisdiction in the United States and no subscription rights, paid subscribed shares or shares may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States. The securities referred to herein have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.