Securitas publishes the preliminary outcome of the rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OF OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.

The subscription period in Securitas AB's (publ) ("Securitas") preferential rights issue ended on October 11, 2022. The preliminary outcome shows that the rights issue has been oversubscribed. As a result of the rights issue, Securitas will receive proceeds amounting to approximately MSEK 9,583, before deduction of transaction costs.

The preliminary outcome indicates that 206,212,563 shares, corresponding to approximately 99.0 percent of the offered shares, have been subscribed for by the exercise of subscription rights. Additionally, notifications for subscription without subscription rights of 203,678,208 shares, corresponding to approximately 97.8 percent of the offered shares, have been received. In aggregate, the preliminary outcome thereby indicates that approximately 196.7 percent of the rights issue has been subscribed for. The rights issue is thus fully subscribed and no guarantee commitments will need to be utilized.

As a result of the rights issue, Securitas will receive proceeds amounting to approximately MSEK 9,583, before deduction of transaction costs. Through the rights issue, Securitas' share capital will increase by SEK 208,333,655, from SEK 365,058,897 to SEK 573,392,552 and the total number of shares will increase by 208,333,655. After the rights issue, the number of shares in Securitas will amount to 573,392,552, divided between 26,938,371 shares of class A shares and 546,454,181 shares of class B.

Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. As confirmation of allocation of shares subscribed for without subscription rights, a transaction note will be sent on or about October 14, 2022. Subscribed and allotted shares must be paid for in cash in accordance with the instructions in the transaction note. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Only those who have been allotted shares will be notified.

The final outcome of the preferential rights issue is expected to be announced on October 14, 2022. The last day of trading with Paid Subscribed Shares (Sw. BTA) is October 21, 2022. First day of trading for the new shares is expected to be on October 25, 2022.

Advisors

Skandinaviska Enskilda Banken AB (publ) and Citigroup Global Markets Europe AG are Joint Global Coordinators and Joint Bookrunners and Carnegie Investment Bank AB (publ) is Co-Bookrunner in relation to the rights issue. Mannheimer Swartling Advokatbyrå AB is Securitas' legal advisor as to Swedish law, and Davis Polk & Wardwell London LLP is Securitas' legal advisor as to U.S. law in relation to the rights issue. White & Case Advokataktiebolag and White & Case LLP are legal advisors to the Joint Global Coordinators, Joint Bookrunners and Co-Bookrunner as to Swedish and U.S. law, respectively.

 

IMPORTANT INFORMATION

This press release and the information herein is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan, India, South Africa, Hong Kong, Singapore or any other state or jurisdiction in which publication, release or distribution would be unlawful or where such action would require additional prospectuses, filings or other measures in addition to those required under Swedish law.

The press release is for informational purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy or acquire, or subscribe for, any of the securities mentioned herein (collectively, the "Securities") or any other financial instruments in Securitas AB (publ). Any offer in respect of any of the Securities will only be made through the prospectus that Securitas AB (publ) expects to publish in due course. Offers will not be made to, and application forms will not be approved from, subscribers (including shareholders), or persons acting on behalf of subscribers, in any jurisdiction where applications for such subscription would contravene applicable laws or regulations, or would require additional prospectuses, filings, or other measures in addition to those required under Swedish law. Measures in violation of the restrictions may constitute a breach of relevant securities laws.

The Securities mentioned in this press release have not been registered and will not be registered under any applicable securities law in the United States, Australia, Canada, Japan, India, South Africa, Hong Kong or Singapore and may, with certain exceptions, not be offered or sold within, or on behalf of a person or for the benefit of a person who is registered in, these countries. The company has not made an offer to the public to subscribe for or acquire the Securities mentioned in this press release other than in Sweden, Denmark, Finland and Norway.

None of the Securities have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction in the United States, and may not be offered, pledged, sold, delivered or otherwise transferred, directly or indirectly, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with other applicable securities laws. There will not be any public offering of any of the Securities in the United States.

In the EEA Member States, with the exception of Sweden, Denmark, Finland and Norway, (each such EEA Member State, a "Relevant State"), this press release and the information contained herein are intended only for and directed to qualified investors as defined in the Prospectus Regulation. The Securities mentioned in this press release are not intended to be offered to the public in any Relevant State and are only available to qualified investors except in accordance with exceptions in the Prospectus Regulation. Persons in any Relevant State who are not qualified investors should not take any actions based on this press release, nor rely on it.

In the United Kingdom, this press release is directed only at, and communicated only to, persons who are qualified investors within the meaning of article 2(e) of the Prospectus Regulation (2017/1129) who are (i) persons who fall within the definition of "investment professional" in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons who fall within article 49(2)(a) to (d) of the Order, or (iii) persons who are existing members or creditors of Securitas AB (publ) or other persons falling within Article 43 of the Order, or (iv) persons to whom it may otherwise be lawfully communicated (all such persons referred to in (i), (ii), (iii) and (iv) above together being referred to as "Relevant Persons"). This press release must not be acted on or relied on by persons in the UK who are not Relevant Persons.

This announcement does not constitute an investment recommendation. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance.

This press release contains forward-looking statements that reflect Securitas AB (publ)'s current view of future events as well as financial and operational development. Words such as "intend", "assess", "expect", "may", "plan", "estimate" and other expressions involving indications or predictions regarding future development or trends, not based on historical facts, identify forward-looking statements and reflect Securitas AB (publ)'s beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual events and performance to differ materially from any expected future events or performance expressed or implied by the forward-looking statement. The information contained in this press release is subject to change without notice and, except as required by applicable law, Securitas AB (publ) does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor does it intend to. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. As a result of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual future events or otherwise.

Further information:

Investors: Micaela Sjökvist, VP Investor Relations; [phone], [e-mail]

 

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 1.30 p.m. (CEST) on October 13, 2022.

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