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2021-04-15 17:31:25

SpectrumOne announces the outcome of the rights issue of Units

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES, OR ANY OTHER JURISDICTION WHERE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELASE WOULD BE ILLEGAL OR REQUIRE FURTHER REGISTRATION OR OTHER MEASURES. THIS PRESS RELASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF SPECTRUMONE AB (PUBL). PLEASE REFER TO THE SECTION "IMPORTANT INFORMATION" BELOW.


On 14 April 2021, the subscription period in the rights issue of Units (the "Rights Issue") in SpectrumOne AB (publ) ("SpectrumOne" or the "Company)" ended. At the end of the subscription period 15,058,302 Units had been subscribed for by exercise of Unit rights, corresponding to approximately 22.2 percent of the Rights Issue, and 814,658 Units had been subscribed for without use of Unit rights, corresponding to approximately 1.2 percent of the Rights Issue. Additionally, 46,869,469 Units, corresponding to approximately 69.2 percent of the Rights Issue, are subscribed for by exercise of the guarantee from the guarantors disclosed in the prospectus relating to the Rights Issue. Thus, in aggregate 62,742,429 Units are subscribed for in the Rights Issue, corresponding to approximately 93 percent of the Rights Issue, and SpectrumOne will receive proceeds amounting to approximately SEK 157 million before costs related to the Rights Issue.

Through the Rights Issue, the Company's share capital will increase by SEK 6,274,242.90, from SEK 27,108,896.90 to SEK 33,383,139.80. The number of shares in the Company will increase with 62,742,429 shares, from 271,088,969 shares to 333,831,398 shares. In addition, if all warrants of series TO4 were to be exercised during the subscription period for the warrants, which is 16 - 30 May 2022, the Company's share capital would increase by another SEK 6,274,242.90 and the number of shares by another 62,742,429 shares.

Those who have subscribed for Units within the framework of the Rights Issue has received or will receive interim Units, so-called BTUs (Sw. Betald Tecknad Unit). After the Rights Issue has been registered with the Swedish Companies Registration Office, BTUs will be rebooked into shares and warrants of series TO4, respectively, which is expected to take place during week 17, 2021. Until then, trading with BTUs takes place on Nasdaq First North Growth Market.

Allotment of Units that were subscribed for without Unit rights has been made in accordance with the principles stated in SpectrumOne's prospectus related to the Rights Issue. As confirmation of allotment of Units subscribed for without Unit rights, a settlement note will be sent to investors on or about 19 April 2021. Subscribed and allotted Units must be paid in cash no later than the settlement date, 22 April 2021, in accordance with the instructions in the settlement note. Nominee-registered shareholders will receive notification of allotment in accordance with each respective nominee's routines. Only those who receive allotment of Units will be notified.

Advisers

Hannes Snellman Attorneys is legal adviser to SpectrumOne in connection with the Rights Issue and Aktieinvest Fondkommission is issuing agent for the Rights Issue.

For further information contact:

Fredric Forsman, Chairman of the Board

Tel: +46 73 978 78 44

E-mail: fredric@spectrumone.com

Certified Adviser:

Aktieinvest FK AB (556072-2596)

Box 7415, 103 91 Stockholm, Sweden

Tel: +46 8 506 517 03

Email: ca@aktieinvest.se

www.aktieinvest.se

SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on 15 April 2021 at 7.30 p.m. CEST. 

About SpectrumOne AB

SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOne's headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Oslo, Norway. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm. www.spectrumone.com

IMPORTANT INFORMATION

The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in Units Rights, interim Units, Units, shares, warrants or other securities in SpectrumOne. Any invitation to subscribe for Units in SpectrumOne will only be made pursuant to the prospectus which SpectrumOne has published on the Company's website (www.spectrumone.com).

This press release is not a prospectus in the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus, corresponding to an EU Growth Prospectus, has been prepared by the Company and been published on the Company's website.

This press release does not constitute an offer to, or an invitation to, acquire or subscribe for any Units in SpectrumOne in any jurisdiction, neither from SpectrumOne nor from anyone else. This press release may not be announced, published or distributed, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland, The United States, or any other jurisdiction where participation in the securities issue would require further prospectuses, registration or other measures than under Swedish law. Neither may this press release be distributed in or into such countries or any other country/other jurisdiction if such distribution would involve requirements of such measures or otherwise violate applicable rules. Measures in violation of these restrictions may constitute a breach of applicable securities market laws.

No Unit Rights, interim Units, Units, shares or warrants in SpectrumOne have been, or will be, registered under the United States Securities Act of 1933 in its current wording (the "Securities Act") or the securities laws of any state or other jurisdiction in the United States and no Unit Rights, interim Units, Units, shares or warrants may be offered, subscribed for, utilized, pledged, approved, sold, resold, delivered or otherwise transmitted, directly or indirectly, in or into the United States, except in accordance with an applicable exception from, or in a transaction not covered by, the registration requirements pursuant to the Securities Act and in accordance with the securities laws of the relevant state or other jurisdiction in the United States. There will be no public offering of such securities in the United States.

The securities referred to herein have not been approved or disapproved by the US Securities and Exchange Commission (the "SEC"), any state securities commission or other regulatory authority in the United States. Nor have any such authority passed upon or endorsed the Rights Issue or the accuracy or reliability of this document. Any representation to the contrary is a criminal offence in the United States.

This press release contains certain forward-looking information that reflects SpectrumOne's present view of future events as well as financial and operational development. Words such as "intend", "assess", "expect", "may", "plan", "believe", "estimate" and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.




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