The Board of Directors of
The expected net proceeds from the rights issue will be used to finalize the development of
"With the proposed share issue, we can move forward and launch our new high-capacity modular grain sorting equipment. The capitalization will strengthen the company's financial position in the short run with further support and accelerate our Go-To-Market activities. I am very pleased with the support and confidence investors show by committing to our rights issue and that they have acknowledged our sustainable and unique offer for grain sorting", says
Summary of the rights issue
- One (1) old share in
BoMill at the date of recordApril 26 th ,2022 entitles to two (2) subscription rights, having the right to subscribe for two (2) shares. Each subscription right gives the possibility to subscribe for (1) one share. -
Subscription shall be made in cash at a price of
SEK 0,75 per new share. BoMill will receiveSEK 23,3 million in the proposed rights issue before transaction costs, which preliminary will beSEK 1,7 million .-
The subscription period will be
April 28 th toMay 12 th, 2022. -
Subscription rights not used during the time for subscription will be invalid and lose their value. Trade with subscription rights will be available during
April 28 th toMay 12 th, 2022. -
The rights issue may increase
BoMill's share capital withSEK 15,509,690 toSEK 23,264,535 . The number of shares will increase with 31,019,380 shares to 46,529,070 shares. The maximum dilution is 66,67 %. -
Subscription can also be made for a party which isn't a present shareholder. Subscription of shares without preferential rights shall be made in accordance with the following:
- Firstly, to those who have subscribed shares with subscription rights, regardless if they were shareholders on the record day and in the event of oversubscription, in relation to the number of used subscription rights, and if this cannot be realized, by draw;
- Secondly, to those who have subscribed shares without subscription rights and not included in item (a) above, regardless if they were shareholders on the record day, in relation to the number of subscribed shares in this category, and if this cannot be realized, by draw;
- Thirdly to those who have given a guarantee commitment for subscription and payment of the shares that haven't been assigned to other subscribers, pro rata in relation to the guaranteed amount.
Subscription agreements and guarantors
Current shareholders have made commitments for subscription amounting to
The proposed rights issue is 100 percent secured by subscription and guarantee agreements representing approximately
Preliminary time schedule for the proposed rights issue
April 22 nd, 2022: Last day of trading inBoMill share including subscription rights.April 25 th, 2022: First day of trading inBoMill share excluding subscription rights.April 26 th, 2022: Record date for participating in the rights issue.April 28 th-May 12 th, 2022: Trade with subscription rights.April 28 th-May 12 th, 2022: Subscription period.April 28 th, 2022 - week 22/23, 2022: Trade with shares as BTA, to be continued until registration of the share issue at Bolagsverket has been completed during weeks 22/23, 2022.May 17 th, 2022: Publication of the result of the rights issue.
Change of reporting date for Q1-January-
The Board of Directors has decided to prepone the publication of the quarterly report for January -
Legal advisor and issuing institution
Zellbergs Advokatbyrå AB will act as legal advisor and Nordic Issuing will be issuing institution in the proposed rights issue.
This press release contains inside information that
For more information about
Phone: +46 (0)727 00 11 82
E-mail: andreas.jeppsson@bomill.com
Per Heander, CFO
Phone: +46 (0)708 39 87 43
E-mail: per.heander@bomill.com
Certified Adviser:
Phone: +46 (0)11 32 30 732
E-mail: ca@skmg.se
For more information about
https://news.cision.com/bomill/r/bomill-board-of-directors-proposes-a-new-share-issue-of-sek-23-3-million-for-the-launch-of-new-grain,c3520143
https://mb.cision.com/Public/19682/3520143/b6943d05ce362198.pdf
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