BoMill AB announces outcome of completed rights issue

CEO’s comment

”I would like to thank our existing and new shareholders for their confidence in BoMill. We really look forward to an exciting future together. After successfully finalizing the development of our unique sorting equipment BoMill InSight, ready for our demanding customers, we have now started our commercial journey. This funding will enable us to further scale up our sales activities and open up new markets. We look forward to fully devoting our time to delivering on our business plan”, comments Andreas Jeppsson, CEO.

Breakdown of the subscription

The total subscription has the following approximate breakdown:

The Rights Issue is thus subscribed to 100 percent in total and BoMill will thereby obtain approximately SEK 21.9 m before issue costs.

Notice of allotment

Allotment of new shares has been made in accordance with the allocation principles described in the prospectus prepared by the Company in respect of the Rights Issue and made public on April 12, 2023, available on the Company's website (www.bomill.com) and in the Swedish Financial Supervisory Authority's (Sw. Finansinspektionen; “SFSA”) prospectus register (www.fi.se) (the "Prospectus").

Notification of allotment of shares subscribed for without support of subscription rights is made through distribution of a contract note by e-mail to the respective subscriber. Allotted shares subscribed for without subscription rights shall be paid in accordance with the instructions in the contract note. Shareholders with holdings through a trustee will be notified of allotment in accordance with the trustee’s routines.

Trading in BTA

Trading in BTA (paid-up subscribed shares) is currently conducted on Nasdaq First North Growth Market until the Rights Issue has been registered with the Swedish Companies Registration Office. BTA will subsequently be converted into ordinary shares. Registration of the Rights Issue is expected to take place around week 22/23, 2023.

Shares and share capital

The Company's registered share capital amounts to SEK 23 264 535 divided into 46,529,070 shares. The extraordinary general meeting on April 6, 2023, resolved to reduce the share capital by SEK 9 305 814 to SEK 13 958 721 which implies a quota value of SEK 0.30. However, the reduction of the share capital has not yet been registered with the Swedish Companies Registration Office. The registration of the reduction of the share capital and the Rights Issue will be made at the same time.

The Rights Issue entails that the number of the Company’s shares will increase through the issuance of 46,529,070 new shares corresponding to 100 percent of the share capital and the number of issued shares and votes in the Company prior to the Rights Issue, which implies a dilution of 50 percent of the shares and votes. to a total of 93,058,140 shares. Following registration of the reduction of the share capital and the Rights Issue with the Swedish Companies Registration Office, the registered share capital will amount to 27,917,442 SEK divided into 93 058 140 shares with a quota value of 0.30 SEK.

Issuer agent

Nordic Issuing AB acts as the issuer agent in connection with the Rights Issue.

Important information

The information in this press release does not contain or constitute an offer (or a solicitation to offer) to acquire, subscribe or otherwise trade in shares or other securities in the Company. No action has been taken and no measures will be taken to permit a public offering in any jurisdictions other than Sweden.

The information herein is not for release, distribution or publication, directly or indirectly, within or into the United States of America, Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Switzerland, or any other jurisdiction in which the release, distribution or publication of the information would be unlawful or would require any other measures than required by Swedish law.

This release is not a prospectus in accordance with the definition in the Prospectus Regulation (EU) 2017/1129 (“Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. This announcement does not identify, or purport to identify, risks (direct or indirect) that may be associated with an investment in shares or other securities in the Company.

The Prospectus mentioned above has been prepared by the Company in connection with the Rights Issue and has on April 12, 2023 been approved and registered by the SFSA, which is the national competent authority in Sweden under the Prospectus Regulation. The approval by the SFSA of the Prospectus should not be understood as an endorsement of the securities that are the subject of the Prospectus. In order for investors to fully understand the potential risks and benefits associated with a decision to participate in the Rights Issue, any investment decision should only be made based on the information in the Prospectus. Thus, investors are encouraged to review the Prospectus in its entirety.

Forward-looking statements

This press release may contain forward-looking statements which reflect the Company’s current view on future events and financial and operational development. Words such as ““believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or Nasdaq First North Growth Market’s Rulebook for Issuers of Shares.

This press release contains inside information that BoMill AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on May 8, 2023, at 08.30am CET/CEST.