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Tobii carries out a directed issue of 4,958,678 ordinary shares and raises approximately SEK 300 million
The proceeds from the Share Issue will be used to finance the acquisition of Phasya which was announced on
The Board of Directors of Tobii notes that there has been a great interest in participating in the Share Issue and that the Share Issue was strongly oversubscribed by new and existing institutional investors shortly after the initiation of the bookbuilding procedure. Investors in the Share Issue include
The Board of Directors of Tobii has carefully considered alternative sources of financing, including the conditions for carrying out a rights issue instead of a directed share issue, and the Board of Directors consider it to be in the Company's and its shareholders' best interest to carry out the now planned Share Issue. The reason for the deviation from the shareholders' preferential rights is to ensure the most time- and cost-effective financing in light of both the recently announced acquisition and the ongoing separate listing process of Tobii Dynavox. As the subscription price in the Share Issue is determined through the Bookbuilding procedure, it is the Board's assessment that the subscription price is set in accordance with market practice.
"The acquisitions of both Phasya and Acapela add strategically important technologies and competencies to Tobii's and Tobii Dynavox's continued journey. Thanks to this share issue, we ensure optimised balance sheets in both Tobii and Tobii Dynavox that enable continued forward-looking growth initiatives. We are very pleased to see such great interest from both new and existing institutional investors and look forward to continue building two strong and fast-growing companies together.", Says
After the registration of the Share Issue with the Swedish Companies Registration Office, the total number of shares in the Company will amount to 105,659,201. The Share Issue entails a dilution of approximately 4.7 percent of the number of shares and votes in the Company, based on the total number of shares in Tobii after the Share Issue. The share capital will increase by approximately
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The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in the Company in any jurisdiction.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in
This announcement is not and does not form a part of any offer or solicitation to acquire, subscribe, sell or in any other way trade with shares or other securities in
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Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates, including with respect to prospects for pharmaceutical treatments and studies. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this press release or any obligation to update or revise the statements in this press release to reflect subsequent events. Undue reliance should not be placed on the forward-looking statements in this press release. The information, opinions and forward-looking statements contained in this press release speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release.
About Tobii
Tobii is the global leader in eye-tracking technology and solutions, targeting application areas such as scientific studies & research, healthcare, education and training, gaming, extended reality (VR & AR), and automotive. Our mission is to build technology that understands human attention and intent for a better future - what we call attention computing. Tobii also operates Tobii
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