On 28 August 2020, JonDeTech Sensors AB (publ) ("JonDeTech" or "the Company") published a prospectus for the fully underwritten rights issue of 3,634,560 shares with preferential rights for the Company's existing shareholders, resolved by the extraordinary general meeting on 10 August 2020 (the "Rights Issue"). The Rights Issue, in which the subscription period ended on 15 September 2020, was heavily oversubscribed and no underwriter undertakings will thus need to be utilised. The Rights Issue will provide the Company with approximately MSEK 36.3 before issue costs.
About the Rights Issue
Shareholders in JonDeTech per the record date on 28 August 2020, had preferential rights to subscribe for shares in proportion to their prior shareholding. A holding of twenty-five (25) shares per the record date entitled to subscription of four (4) new shares at a subscription price of SEK 10,00. The subscription period in the Rights Issue ended on 15 September 2020.
The Rights Issue was fully underwritten. In total, 3,585,157 shares, corresponding to approximately 98.6 percent of the Rights Issue was subscribed by exercise of subscription rights. Additionally, applications corresponding to 6,186,834 shares have been received for subscription without subscription rights. Thus, a total of 9,771,991 shares have been subscribed for (by exercise of subscription rights as well as without exercise of such), corresponding to 269 percent of the Rights Issue. The Rights Issue will provide the Company with approximately MSEK 36.3 before issue costs.
As a result of the Rights Issue, the number of shares will increase by 3,634,560, and the share capital by SEK 138, 903.920530, amounting to a share capital of SEK 1,007,053.423838 in total distributed on 26,350,560 shares. Shareholders who did not subscribe for shares in the Rights Issue in proportion to their shareholding will have their shareholding diluted by 13.8 %, based on the number of shares in the Company after the Rights Issue.
Notice of allotment
Those who have subscribed for shares without subscription rights will be allocated shares in accordance with the principles set out in the prospectus published on 28 August 2020. Notification of allotment to persons who subscribed for shares without subscription rights will be provided by a sent allotment notice in the form of a settlement note. Those who have subscribed for shares without subscription rights through a nominee will receive notification of allocation in accordance with their respective nominee's procedures.
Naventus Corporate Finance is the financial advisor of the Company in connection with the Rights Issue.
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