Tourn International AB announced that it has received SEK 54.1 million in funding from Consensus Asset Management, Asset Management Arm, FCG Fonder AB and other investors

Tourn International AB (publ) announced a private placement of 1,000,000 common shares at a price of SEK 54.10 per share for gross proceeds of SEK 54,100,000 on December 9, 2021. The transaction included participation from new investors Consensus Småbolag, a fund managed by Consensus Asset Management, Asset Management Arm for SEK 24,886,000, FE Fonder, a fund managed by FCG Fonder AB for SEK 22,181,000 and other Swedish reputable investors. Post the transaction, the number of outstanding shares and votes increased by 1,000,000, from 8,753,350 to 9,753,350 and the share capital of the company increased by SEK 100,000, from SEK 875,335 to SEK 975,335.

The private placement resulted in a dilution for existing owners of approximately 10.3% of the number of shares and votes in the company.