Bifogade filer
Saniona publishes outcome in rights issue
Prenumeration
Beskrivning
| Land | Danmark |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Hälsovård |
| Industri | Bioteknik |
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The board of directors of Saniona AB (“Saniona” or the “Company”) today announces the outcome of the rights issue of units that was announced on 14 December 2023 (the “Rights Issue”). In total 19,987,675 units, corresponding to approximately 58 percent of the Rights Issue, were subscribed for by exercise of unit rights, and 1,583,524 units, corresponding to approximately 5 percent of the Rights Issue, were subscribed for without unit rights. The Rights Issue is thus subscribed to a total of approximately 63 percent and no issue guarantees will need to be used. Through the Rights Issue, Saniona will initially receive approximately SEK 88.9 million before issue costs and in the event of full exercise of all warrants series TO 4 that are issued, Saniona may receive additional proceeds in April 2025.
Subscription and allotment
In total 19,987,675 units, corresponding to approximately 58 percent of the Rights Issue, were subscribed for by exercise of unit rights, and 1,583,524 units, corresponding to approximately 5 percent of the Rights Issue, were subscribed for without unit rights. The Rights Issue is thus subscribed to a total of approximately 63 percent and no issue guarantees will need to be used. Through the Rights Issue, Saniona will initially receive approximately SEK 88.9 million before issue costs and in the event of full exercise of all warrants series TO 4 that are issued, Saniona may receive additional proceeds in April 2025.
Each unit consists of two (2) shares and one (1) warrant series TO 4. One (1) warrant series TO 4 entitles the rights to subscribe for one (1) new share in the Company at a subscription price corresponding to seventy (70) percent of the volume weighted average price of the Company’s share on Nasdaq Stockholm during the period from and including 28 February 2025 up to and including 13 March 2025, however not lower than the shares’ quota value. Subscription of shares by exercise of warrants series TO 4 will take place during the period from and including 18 March 2025 up to and including 1 April 2025. Upon full exercise of all warrants series TO 4 that are issued as part of units, the Company may receive additional proceeds of at least approximately SEK 1,1 million, based on a minimum subscription price of the share’s quota value.
Allocation of units subscribed for without unit rights has been made in accordance with the allocation principles described in the prospectus that has been prepared in connection with the Rights Issue and published by the Company on 18 January 2024 (the “Prospectus”). Notification regarding allocation will be made by posting a contract note to each subscriber. Allocated units shall be paid for in accordance with the instructions in the contract note.
Change in share capital and number of shares as well as dilution
Through the Rights Issue, the number of shares in Saniona increases with 43,142,398 shares, from 64,126,978 shares to 107,269,376 shares and the share capital increases by SEK 2,157,119.90, from SEK 3,206,348.90 to SEK 5,363,468.80. In the event of full exercise of all issued warrants series TO 4 for subscription of new shares in the Company, the number of shares will increase with additional 21,571,199 shares to a total of 128,840,575 shares and the share capital will increase by additional SEK 1,078,559.95 to SEK 6,442,028.75.
In connection with the Rights Issue, the Company has entered into agreements on guarantee commitments. For the guarantee commitments, guarantee compensation is paid, either in cash compensation amounting to eleven (11) percent of the guaranteed amount, or alternatively fourteen (14) percent of the guaranteed amount in the form of newly issued units in the Company, on the same terms and conditions as units in the Rights Issue, however the subscription price per unit shall correspond to the volume weighted average share price for the Company’s share on Nasdaq Stockholm during the subscription period in the Rights Issue (i.e. during the period 22 January – 5 February 2024), multiplied by two (2), however not lower than the subscription price in the Rights Issue. If all guarantors would choose to receive guarantee compensation in units, a maximum of 2,594,101 units in total, containing 5,188,202 shares and 2,594,101 warrants series TO 4 would be issued as guarantee compensation.
Trading in BTU
Trading in BTU (Sw. betald tecknad unit) takes place on Nasdaq Stockholm under the short name SANION BTU until the Rights Issue has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket), which is estimated to take place around week 8, 2024. After approximately one week, BTU will then be converted to shares and warrants. Trading in the shares and warrants will thereafter take place on Nasdaq Stockholm as soon as possible after completed registration with the Swedish Companies Registration Office.
Advisers
Vator Securities AB is financial adviser and Setterwalls Advokatbyrå AB is legal adviser to the Company in connection with the Rights Issue. Vator Securities AB is also issuing agent in connection with the Rights Issue.