Registered shareholders of Calmark on the record date, 5 November 2021, received one (1) subscription right for each share held, regardless of share class. Six (6) subscription rights entitled to subscription of one (1) new B share at a subscription price of SEK 5.40.
The subscription period ended on 23 November 2021. The Rights Issue had a subscription rate of 137.3 percent, of which approximately 93.0 percent were subscribed for with subscription rights and approximately 44.3 percent without subscription rights. This entails that the guarantee undertakings will not be utilized. The Rights Issue provides the Company approximately MSEK 24.9 in proceeds before issuance costs. The issuance costs are estimated at MSEK 2.5 and mainly comprise costs associated with guarantee undertakings; remuneration of financial and legal advisers; and administrative measures in conjunction with the Rights Issue.
The allotment of the B shares subscribed without subscription rights was performed in accordance with the terms of the Rights Issue, which are set out in the information memorandum. Notice on such allotment will be given separately by way of contract notes. Nominee-registered shareholders will receive notice on allotment in accordance with the instructions of their respective nominee.
Trading in BTA B (paid subscribed B shares) will take place on Spotlight Stock Market until BTA B are converted to B shares, after the registration of the issue with the Swedish Companies Registration Office. Registration with the Swedish Companies Registration Office is expected to take place in week 50, 2021, and, as soon as possible thereafter, BTA B will be converted to B shares.
Shares and share capital
The Rights Issue will increase the share capital of Calmark by SEK 461,106.40 through the issue of 4,611,064 B shares. After the registration of the issue with the Swedish Companies Registration Office, the share capital will amount to SEK 3,266,638.70, and the number of shares will amount to a total of 32,666,387 shares, of which 474,450 A shares and 32,191,937 B shares.
Stockholm Corporate Finance is financial adviser and Moll Wendén Advokatbyrå legal adviser in conjunction with the Rights Issue. Hagberg & Aneborn Fondkommission AB is the issuing agent in connection with the rights issue.
For more information, please contact:
Anna Söderlund, CEO
Telephone: +46 70 214 98 93
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
THE INFORMATION HEREIN IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, SINGAPORE OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES. SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.
About Calmark Sweden AB (publ)
Calmark is a medical technology company developing and selling a point-of-care (POC) analysis method with easier and faster diagnostics of medical conditions in newborns. The unique test platform consists of a portable instrument and test cassettes for various biomarkers. The first test, Neo-Bilirubin, was launched to the market in 2020. In the Western world, the introduction of POC diagnostics is resulting in huge savings and shorter care chains. In less developed healthcare systems, the product will offer a decision support which is currently lacking, since the access to hospital laboratories often is limited. Calmark aims to become the global leader in POC diagnostics for newborns and, in the long term, to offer all relevant tests for the first period of life. In addition to products for newborns, Calmark sells a POC test for assessment of COVID-19 disease severity. The B share is listed on the Spotlight Stock Market and is traded under the CALMA B ticker. Read more at www.calmark.se/eng/home.
About Stockholm Corporate Finance, Stockholm
Stockholm Corporate Finance is an independent and privately owned financial advisor offering qualified advisory services related to capital raisings, changes in ownership, and mergers and acquisitions (M&A) to listed and privately held companies and their owners. Stockholm Corporate Finance is the exclusive Swedish partner in the global network M&A Worldwide, which consists of 49 M&A advisors and investment banks in 36 countries. Stockholm Corporate Finance is an investment firm under the supervision of the Swedish Financial Supervisory Authority and a member of the trade organization SwedSec Licensing AB. For more information, please visit: www.stockholmcorp.se.
The information in this press release does not constitute an offer to acquire, subscribe for, or by any other means trade in, shares or other securities issued by the Company. No action has been taken and measures will not be taken to permit a public offering in any jurisdictions other than Sweden. The invitation for concerned persons to subscribe for shares in the Company is given only through the information memorandum published by the Company.
The information in 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, or any other jurisdiction where such action would be unlawful, subject to legal restrictions, or require other actions in addition to what follows from Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
No shares or other securities in the Company have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no shares or other securities may be offered, sold or otherwise transferred, directly or indirectly, in or into the United States, except under an available exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and in compliance with the securities legislation in the relevant state or other jurisdiction of the United States.
This press release may contain forward-looking statements which reflect the Company’s current view on future events and financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “consider”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from what is expressed in the forward-looking statements. Neither the Company, nor anyone else, undertakes any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as otherwise required by law or by Spotlight Stock Market’s rulebook for issuers of shares.