OrganoClick AB (publ) ( “OrganoClick” or the “Company”) has requested ABG Sundal Collier to evaluate the possibility to implement a directed share issue of approximately SEK 65 million through a so-called accelerated “book building” process ( “rights issue “). If the New Issue is implemented, it will be directed to Swedish and international institutional investors with deviations from the existing rights of existing owners with the support of the authorization from the Annual General Meeting on 16 May 2019. The new share issue requires a Board resolution; the board may choose to cancel the book building procedure and refrain from carrying out the rights issue.
The company will use the proceeds from the rights issue
– Accelerate sales efforts in the nonwoven binder segment
– Expand the business area for green surface treatments & maintenance products through targeted market measures in the Nordic region and expansion into the German market
– Make investments to increase the level of automation in existing production in order to increase productivity and reduce manufacturing costs
– Create an improved and more economic capital structure