NOTE to the stock exchange - the offer is oversubscribed
NOTE to the stock exchange - the offer is oversubscribed
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NOTE to the stock exchange - the offer is oversubscribed
- Offer subscribed about 3 times
- The company receives approximately SEK 92 million after issue costs
- Trading in NOTE shares begins on the O-list on 23 June
"We're pleased with the strong interest in the NOTE share," says Erik Stenfors, President and CEO of NOTE. "We've received many positive reactions from investors, the trade press and the general public during the listing process, but it's still nice to have a clear acknowledgement."
The offer comprised a total of 2,051,160 shares, of which 1,334,000 were newly issued shares and 717,160 were existing shares. The selling price amounted to SEK 75 per share. The offer totalled approximately SEK 154 million, corresponding to approximately 21.3 percent of NOTE's share capital and votes. The new share issue provides the company with approximately SEK 92 million after issue and listing costs of approximately SEK 8 million.
NOTE has gained some 3,600 new shareholders through the offering. Approximately 50 per cent of the total offering has been placed with Swedish and foreign institutions. After completion of the new share issue, NOTE's share capital will consist of 9,624,200 ordinary shares with a nominal value of SEK 0.50 each.
The NOTE share was listed on the O-list of the Stockholm Stock Exchange on 23 June 2004 under the ticker "NOTE".
"The listing gives us a stable platform for continued expansion. We will do our best to live up to the expectations of both old and new shareholders," says Erik Stenfors.
Further information is provided by:
Erik Stenfors, President and CEO of NOTE; +46 (0)176-799 01 or +46 (0)709-50 80 70
Gunilla Olsson, CFO NOTE AB; 0176-799 05 or 0709-50 80 71
Johan Unger, Hagströmer & Qviberg Fondkommission AB, Head of Corporate Finance; +46 8 696 19 33 or +46 704 86 19 33
NOTE is one of Sweden's leading contract manufacturers of electronics, offering specialised competence in electronics production across the entire value chain, from design and development to production and after-sales. Net sales for 2003 totalled SEK 859 million and profit before tax was SEK 63 million. The group has just over 900 employees.
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