The offer to subscribe for shares in Talkpool was over-subscribed
Talkpool AG ("Talkpool" or "the Company") announced on the 30th of August 2017 that the Board, given an approval at the Extraordinary General Meeting, had decided to carry out a new share issue amounting to SEK 32.9 million directed to the Company's shareholders as well as to the public and institutional investors in Sweden (the "Offer"). On the 19th September 2017, the Extraordinary General Meeting approved the Board's decision. The Offer was substantially over-subscribed. Therefore, the option to extend the Offer by approximately SEK 5 million will be utilized. More than 90% of the Offer was subscribed by existing shareholders and lenders.
Through the Offer and the over-allotment, the Company receives SEK 37.9 million before issue costs. Trading in the new shares is expected to commence in the beginning of November 2017. Notice of allocation will be obtained in the form of a settlement note.
After the Offer and Extension of the Offer has been registered with the commercial register in Switzerland, the total number of shares in Talkpool will increase by 1,723,384 shares from 2,992,222 shares to 4,715,606 shares and the share capital will increase by SEK 86,169 from SEK 149,611 to SEK 235,780, which corresponds to a dilution effect of approximately 36.5 percent.
Advisors
G & W Fondkommission acts as financial advisor and Setterwalls Advokatbyrå acts as legal adviser to Talkpool in connection with the New Share Issue.
Important information
This press release does not contain and does not constitute an invitation or offer to acquire, sell, subscribe or otherwise trade in shares, subscription rights or other securities of Talkpool. This press release has not been approved by any regulatory authority and is not a prospectus.
Publication or distribution of this press release may in certain jurisdictions be subject to restrictions by law and persons in the jurisdictions where this press release has been published or distributed should inform and comply with such legal restrictions.
This press release may not be published, published or distributed, either directly or indirectly, in or to the United States, Canada, Australia, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other country in which such action is wholly or partly subject to legal restrictions. The information in this press release may also not be forwarded, reproduced or displayed in a way that contravenes such restrictions. Failure to comply with this instruction may constitute a breach of the United States Securities Act of 1933 ("Securities Act") or applicable laws in other jurisdictions.
The new shares will not be registered under the Securities Act or any provincial law in Canada and may not be transferred or offered for sale in the United States or Canada or to any resident there or on behalf of such person other than in such exceptional cases Which does not require registration under the Securities Act or any provincial law in Canada.
About Talkpool
Talkpool AG is listed on NASDAQ First North. Talkpool builds, maintains and improves telecommunication networks globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, Talkpool is one of few companies with actual solutions and contracts in place in the exciting Internet of Things-market. Remium Nordic AB is Talkpool's Certified Advisor.
This information is inside information that Talkpool AG (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 person set out above, on the 11thof October, 2017 at 12.00 CET.