{"id":15771,"date":"2010-05-11T08:30:00","date_gmt":"2010-05-11T06:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/notes-foretradesrattsemission-overtecknad\/"},"modified":"2025-12-02T08:28:29","modified_gmt":"2025-12-02T07:28:29","slug":"notes-preferred-share-issue-oversubscribed","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/notes-foretradesrattsemission-overtecknad\/","title":{"rendered":"NOTE's rights issue oversubscribed"},"content":{"rendered":"
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN, HONG KONG, NEW ZEALAND, AUSTRALIA OR SOUTH AFRICA<\/strong><\/div>\n

NOTE's new share issue with preferential rights for shareholders was oversubscribed. A total of 19,059,178 shares, corresponding to approximately 99.0 per cent of the shares offered, were subscribed for with subscription rights. In addition, applications to subscribe for 9,797,133 shares without subscription rights have been received, which means that the rights issue has been oversubscribed by approximately 49.9 per cent. Guarantees provided do not need to be utilised.<\/p>\n

The shares not subscribed for by virtue of subscription rights will be allocated in accordance with the principles described in the prospectus. Settlement notes will be sent out on or around 11 May 2010 to confirm the allocation of such shares. Only those who receive allotment will be notified. NOTE will raise approximately SEK 86.6 million before issue costs through the new share issue.<\/p>\n

Paid subscribed shares (BTA) received upon subscription with subscription rights are expected to be
\nre-registered as shares with Euroclear Sweden on 17 May 2010.<\/p>\n

The new share issue will increase the number of shares in NOTE by 19,248,400 and the share capital by SEK 9,624,200. After the new share issue, the share capital will amount to SEK 14,436,300 and the number of shares to 28,872,600. The shares subscribed for with preferential rights are expected to be traded on NASDAQ OMX Stockholm from around 17 May 2010. Shares subscribed for without preferential rights are expected to be subject to trading during the second half of May 2010.<\/p>\n

Financial and legal advisers
\nHQ Bank is acting as financial advisor and Advokatfirman Vinge is acting as legal advisor to NOTE in connection with the rights issue. <\/p>\n

For further information, please contact:
\nG\u00f6ran Jansson, Acting CEO and President of NOTE, tel. 08-568 990 06, 070-698 85 72
\nHenrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86<\/p>\n

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Attached files<\/strong>
wkr0011.pdf<\/a><\/p>\n<\/div>\n