BoMill Q2 Interim Report, April – June 2022
24 August 2022, 08:00 CET
BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period April 1 – June 30, 2022. The Interim Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.
CEO Andreas Jeppsson comments:
“In the second quarter of 2022, our commercial journey really got off to a start, with the solid support of our shareholders. We introduced our high-capacity sorting equipment “BoMill InSight™” to the market, started its field testing and received an order from Gl. Buurholt”
Net sales and income for the second quarter (April – June, 2022)
- Net sales amounted to KSEK 0 (KSEK 25).
- Net income after financial items amounted to KSEK -6 415 (KSEK -7 541).
- Net income per net weighted average share amounted to SEK -0,25 (SEK -0,63).
- Cash flow during the second quarter amounted to KSEK 15 507 (KSEK -5 812).
- Orders received as of June 30, 2022, amounted to MSEK 2,8 (MSEK 0).
- As of June 30, 2022, cash and cash equivalents in the Company amounted to KSEK 25 311 (KSEK 11 516.)
Net sales and income for the first six months (January – June, 2022)
- Net sales amounted to KSEK 452 (KSEK 66).
- Net income after financial items amounted to KSEK -11 701 (KSEK -12 719).
- Net income per net weighted average share amounted to SEK -0,57 (SEK –1,07).
- Cash flow during the period amounted to KSEK 10 769 (KSEK -13 830).
Highlights during the second quarter
- On April 1, BoMill announced an order of BoMill InSight™ of MSEK 2,8 from Gl. Buurholt, a leading Danish mobile grain processor. The equipment is scheduled to be delivered in Q1 2023.
- On April 8, in accordance with the proposals from the Board of Directors, the extraordinary general meeting approved a reduction of the share equity to 7 754 845 SEK, new Articles of Association and a share issue of 23,3 MSEK with preferential rights, with a subscription period between April 28 and May 12.
- On May 17, BoMill announced that the share issue ending on May 12 was subscribed to 105,6 %. The new share issue increases the number of shares from 15 509 690 shares to 46 529 070 shares. The restricted share capital increased from 7 754 845 SEK to 23 264 535 SEK.
- On June 30, BoMill unveiled BoMill InSight™, the next generation of industrial grain sorting equipment able to sort grain lots, kernel by kernel, at industrial speed – up to 15mt/h, based on each single kernel’s internal properties. BoMill InSight™ is now entering its industrial field-testing phase in collaboration with the Swedish grain mill Lilla Harrie Valskvarn, part of the Pågen Group, the market leading bakery in Sweden.
BoMill Q2 report can be found on BoMill’s website (www.bomill.com/investors/reports)
For more information about BoMill, please contact:
Andreas Jeppsson, CEO
Phone: +46 727 001 182
E-mail: andreas.jeppsson@bomill.com
Certified Adviser: Svensk Kapitalmarknadsgranskning AB
Phone: +46 11 32 30 732
E-mail: ca@skmg.se
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BoMill AB has signed a follow-up agreement worth EUR 475,000 with Swedish agriculture cooperative group Lantmännen. Following an initial project evaluating BoMill InSight™ during a rental period, Lantmännnen Lantbruk has decided to purchase the solution and increase the capacity with additional sorting units.
BoMill announces that the Rights Issue is registered and the last day of trading in BoMill's BTA is June 10, 2024
5 June 2024
THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.
BoMill AB (the "Company" or "BoMill") announces that the rights issue of new shares with preferential rights for the shareholders was resolved by the ordinary general meeting April 12, 2024 and whose outcome was announced by the Company through a press release on May 15, 2024 (the "Rights Issue"), is now registered with the Swedish Companies Registration Office and the paid subscribed shares ("BTA") will therefore be replaced with ordinary shares.
BoMill announces outcome of the wholly guaranteed Rights Issue
15 May 2024
THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION "IMPORTANT INFORMATION" BELOW.
BoMill AB (the "Company" or "BoMill") announces hereby the outcome of the wholly guaranteed rights issue of shares with a subscription period ended on May 14, 2024 (the "Rights Issue").
The outcome of the Rights Issue shows that 26 962 308 shares were subscribed for with the support of subscription rights, corresponding to approximately 96.6 percent of the Rights Issue; and 8 289 101 shares were subscribed for without the support of subscription rights, corresponding to approximately 29.7 percent of the Rights Issue. In total, 35 251 409 shares were subscribed for with and without the support of subscription rights with an issue amount of SEK 21 150 845.40, corresponding to approximately 126.3 percent of the Rights Issue. Thus, the Rights Issue was oversubscribed, and no guarantee undertaking will be utilized. BoMill will receive a total issue amount of approximately SEK 16.8 million before transaction costs through the Rights Issue.