Tomorrow is the final day to subscribe for shares in Divio Technologies’ rights issue.
NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW. SEE THE "IMPORTANT INFORMATION" SECTION AT THE END OF THIS PRESS RELEASE.
Tomorrow, November 12, 2024, is formally the last day to subscribe for shares in Divio Technologies AB's ("Divio" or the "Company") rights issue of shares ("Rights Issue"). Investors should acknowledge that custodian banks may have difference deadlines for subscription than the actual subscription period. Nordnet and Avanza for instance, closes the possibility for subscription already today, 11 November. The Rights Issue can, upon full subscription, provide Divio with approximately SEK 15.5 million in proceeds before deduction of transaction related costs.
Tomorrow, November 12, 2024, is formally the last day to subscribe for shares in Divio's Rights Issue of shares. As the last day for subscription may differ between custodian banks, all investors, existing and new, are advised to check with their respective custodian bank when subscription in the Rights Issue must be completed. Nordnet and Avanza for instance, closes for subscription today, 11 November 2024.
Publication of the outcome of the Rights Issue is expected to be announced through a press release on November 13, 2024.
Summary of the Rights Issue
- The Rights Issue includes a maximum of 128 900 844 new shares of series B.
- The subscription price is set at SEK 0.12 per new share. If fully subscribed, the Company will receive approximately SEK 15.5 million before issuance costs.
- The subscription period for the Rights Issue runs until November 12, 2024.
Advisors
In connection with the Rights Issue, Divio has assigned Sedermera Corporate Finance AB as financial advisor, Eversheds Sutherland Advokatbyrå AB as legal advisor and Nordic Issuing AB as issuing agent.
For more information about the rights issue, please contact:
Sedermera Corporate Finance AB
Phone: +46 (0)40 615 14 10
E-mail: cf@sedermera.se
www.sedermera.se
For further information about the Company, please contact:
Jon Levin, CEO Divio Technologies AB
Phone: +46 (0)73 244 70 66
E-mail: jon.levin@divio.ch
Certified Adviser
FNCA Sweden AB
Phone: +46 (0)8 528 00 399
E-mail: info@fnca.se
This press release is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.
Important information
This press release does not constitute an offer to acquire, subscribe to, or otherwise trade in shares, warrants, subscription rights, paid subscribed shares (BTA), or other securities in Divio Technologies AB. Investors should not subscribe to or acquire any securities except on the basis of the information in the memorandum that will be published prior to the commencement of the subscription period in the Rights Issue. No actions have been taken, nor will any actions be taken, to permit a public offering in any jurisdictions other than Sweden.
This press release may not be released, published, or distributed, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Russia, Belarus, or any other jurisdiction where such distribution would be unlawful. This press release also does not constitute an offer to sell new shares, warrants, subscription rights, BTA, or other securities to any person in a jurisdiction where it would not be permitted to make such an offer or where such actions would require a prospectus, additional registration, or other measures beyond those required by Swedish law. The memorandum, application form, and other documents related to the Rights Issue may not be distributed in or into any country where such distribution or the Rights Issue would require actions as outlined in the previous sentence or where it would violate the regulations of such a country. Actions in violation of this instruction may constitute a breach of applicable securities laws.
No shares, warrants, subscription rights, BTA, or other securities have been registered or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction in the United States, and may not be offered, subscribed, exercised, pledged, sold, resold, allotted, 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 of the Securities Act and in compliance with the securities laws of the relevant state or other jurisdiction in the United States.
This press release may contain certain forward-looking information reflecting the Company’s current view of future events as well as financial and operational developments. Terms such as "intends," "assesses," "expects," "may," "plans," "believes," "estimates," and other expressions indicating or predicting future developments or trends, which are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties, as it depends on future events and circumstances. Forward-looking information does not guarantee future performance or development, and actual outcomes may differ significantly from those stated in the forward-looking information. Neither the Company nor any other party undertakes to review, update, confirm, or publicly announce any revisions to any forward-looking statements to reflect events occurring or circumstances arising concerning the content of this press release, unless required by law or the Nasdaq First North Growth Market rulebook.