Storskogen resolves on a directed share issue to the sellers of Thermica

2022-05-31
Regulatory information
Corporate news, Services

The Board of Directors of Storskogen Group AB (publ) (”Storskogen”) has, in accordance with the press release published on 9 May 2022 and based on the authorisation from the annual general meeting on 17 May 2022, resolved upon a directed share issue of 3,690,344 B-shares to the sellers of Thermica AS (“Thermica”).

On 9 May 2022, Storskogen announced that the group had entered into an agreement to acquire 80 percent of the shares in Thermica and that NOK 63 million of the consideration would be paid with newly issued B-shares in Storskogen. In order to settle this part of the consideration, the Board of Directors of Storskogen has today, based on the authorisation from the annual general meeting on 17 May 2022, resolved upon a directed share issue of 3,690,344 B-shares in Storskogen (corresponding to a dilution effect of approximately 0.22 percent of the share capital and approximately 0.12 percent of the votes). The subscription price, which pursuant to the share purchase agreement was to correspond to the Volume Weighted Average Price for the Storskogen B-share on Nasdaq Stockholm during the 10 trading days up to and including the third day before closing of the transaction (i.e., from and including 12 May 2022 up to and including 25 May 2022), amounted to SEK 17.4939 per B-share.

Following the directed share issue, the total number of shares and votes in Storskogen amounts to 1,663,763,768 shares (of which 148,001,374 A-shares and 1,515,762,394 B-shares) and 2,995,776,134 votes. The share capital increases with SEK 1,882.075440 to SEK 848,519.521770.

For more information, please contact:

Lena Glader, CFO
+46 73 988 44 66
lena.glader@storskogen.com

Erik Kronqvist, Head of IR
+46 70 697 22 22
erik.kronqvist@storskogen.com

About Storskogen

Storskogen acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas Industry, Trade and Services in the Nordic countries, DACH, the United Kingdom, and Singapore. On 31 March 2022, Storskogen consisted of 122 business units with a total of approximately 11,000 employees and a trailing annual turnover (RTM) of over SEK 29 billion.