ProfilGruppen’s rights issue oversubscribed

This press release may not be distributed, directly or indirectly, in the United States of America, Australia, Hong Kong, Canada or Singapore or any other country where such action is wholly or partially subject to legal restrictions.

At the Extraordinary General Meeting on 11 June 2014 it was resolved to approve the resolution by the Board of Directors to issue new shares with preferential right for the existing shareholders. The subscription period was carried out during 19 June – 3 July.

The rights issue has been oversubscribed. 98.3 per cent of the shares offered have been subscribed for with subscription rights and 1.7 per cent of the shares offered have been allocated to persons who have notified a wish to subscribe for additional shares in addition to what they subscribed for with subscription rights. In total, such notifications have been received corresponding to 91.0 per cent of the shares offered. Hence, the rights issue guarantee undertakings have not been made use of.

Allocation of shares that were subscribed for without subscription rights has been made in accordance with the principles outlined in the prospectus that has been prepared in connection with the rights issue and that was published on 13 June 2014, i.e. in proportion to the number of exercised subscription rights. Notification regarding such allocation will within short be sent to those who have been allocated shares. Remium Nordic has acted as issuing agent in the transaction and have produced basic data for allocation of shares.

Through the rights issue, ProfilGruppen receives SEK 41.9 million before transaction costs. The share capital will increase by SEK 12.3 million from SEK 24.7 million to SEK 37.0 million and the number of shares will increase by 2,466,258 from 4,932,517 shares to 7,398,775 shares when the rights issue has been registered with the Swedish Companies Registration Office.

Trading in the new shares on NASDAQ OMX Stockholm is expected to commence around week 32 2014.

Important information
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, Singapore or South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, sold or transferred, directly or indirectly within the United States, other than pursuant to an exemption from the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States.

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Press release_ProfilGruppen’s rights issue oversubscribed