BoMill carries out a directed share issue of approximately SEK 14.3 million
15 August 2021, 21:30 CET
The Board of Directors of BoMill AB (“BoMill” or the “Company”) has, in accordance with the authorisation from the Annual General Meeting on May 6, 2021, decided to carry out a directed share issue of 3,578,000 shares at a subscription price of SEK 4.00 per share (“the Directed Issue”). The Directed Issue is subscribed by a number of key investors, and raises proceeds of approximately SEK 14.3 million prior to transaction costs.
With the issue proceeds, BoMill intends to primarily accelerate its market activities, complete its ongoing development projects and strengthen the Company’s financial position.
”The successful Directed Issue has been made possible due to a significant interest in the Company’s unique sustainable products for sorting grains. With strengthened financials and a growing investor base, we continue to concentrate on achieving our commercial objectives”, comments CEO Andreas Jeppsson.
The Directed Issue comprises 3,578,000 new shares, issued at a subscription price of SEK 4.00 per share. The Directed Issue thereby raises proceeds of approximately SEK 14.3 million, prior to transaction costs. The subscription price has been determined based on negotiations with the key investors and corresponds to a discount of approximately 12,5 percent, based on the volume weighted average price of the Company’s share for the past three months. It is the assessment of the Board of Directors that the subscription price is on market terms, given current segment and market conditions. The Directed Issue entails a dilution of approximately 23 percent to the current number of votes and shares in BoMill.
The reasons for the deviation from the shareholders’ pre-emptive rights are primarily to enable a capital raise in a time and cost-effective manner, to finance an acceleration of the Company´s strategic plan and to broaden and strengthen the Company’s shareholder base.
The following investors participate in the Directed Issue:
- Fredrik Grevelius
- A client to a family office run by Sven Rasmusson
- Ponderus Invest AB (Peter Edwall)
- Theodor Jeansson
- Ulti AB (Ulf Tidholm)
Following the Directed Issue, the number of issued shares and votes will increase by 3,578,000 from 11,929,400 to 15,507,400. The share capital will increase with SEK 3,578,000 from SEK 11,929,400 to SEK 15,507,400.
This is information which BoMill AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person below, at 21:30 CEST on 15 August 2021.
For more information about BoMill, please contact:
Andreas Jeppsson, CEO
Phone: +46 70 727 001 182
Certified Adviser: Svensk Kapitalmarknadsgranskning AB
Phone: +46 70 755 95 51
Latest news and releases
BoMill AB (publ) share issue is registered and trading in BoMill BTA shares ceases June 7
2 June 2022
BoMill AB (publ) has completed the preferential rights issue of shares that closed on May 12, 2022. The rights issue of 23,3 MSEK is now registered with the Swedish Companies Registration Office and the last day for trading in paid subscribed shares ("BTA") will be Tuesday, June 7, 2022.
BoMill AB (publ) preferential share issue of 23,3 MSEK was oversubscribed
17 May 2022
The subscription period in the preferential share issue in BoMill AB (publ) ("BoMill" or "Company") ended on May 12. The share issue was subscribed to 105,6 %. BoMill will receive 21,3 MSEK after transaction costs.
Communiqué from Annual General Meeting in BoMill AB
12 May 2022
Idag, den 12 maj 2022, hölls årsstämma i BoMill AB (publ), 556556-4332. Nedan följer en sammanfattning av de beslut som fattades. Samtliga beslut fattades med erforderlig majoritet.
Today, May 12, 2022, the Annual General Meeting of BoMill AB (publ), 556556-4332, was held. Below is a summary of the decisions made. All decisions were made by the required majority.