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BoMill Q1 Report, January – March 2023

12 April 2023, 10:45 CET

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period January 1 – March 31, 2023. The Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

On the way to growth following launch of BoMill InSight™

CEO Andreas Jeppsson comments:

“The launch of BoMill InSight™ is a fantastic milestone for the company. The feedback received from key players in the grain industry has been extremely positive. Now we are looking forward to materializing this interest.”

Net sales and income for the first quarter (January – March 2023)        

  • Net sales amounted to KSEK 55 (KSEK 452).
  • Net income after financial items amounted to KSEK –5 681 (KSEK –5 286).
  • Net income per net weighted average share amounted to SEK –0,12 (SEK –0,34).
  • Cash flow during the first quarter amounted to KSEK –7 512 (KSEK –4 738).
  • As of March 31, 2023, cash and cash equivalents in the Company amounted to KSEK 7 132 (KSEK 9 804).

Highlights during the first quarter

  • From January 1, Cajsa Kapoor assumed the position of CFO
  • On January 26, BoMill InSight™ was launched following successful industrial field test phase
  • On March 1, Susana Morales was appointed Head of Sales
  • On March 6, the Board of directors proposed a new share issue with preferential rights amounting to MSEK 21,9
  • On March 6, there was a call for an extraordinary general meeting on April 6 with decisions regarding the proposed new share issue

Highlights after the end of the period

  • On April 6, in accordance with the proposals from the Board of Directors, the extraordinary general meeting approved a reduction of the share equity to 9 305 814 SEK, new Articles of Association and a share issue of 21,9 MSEK with preferential rights. The subscription period starts April 19 and ends May 3. Trade in subscriptions rights will be made during April 19 and April 27.

BoMill Q1 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 – www.skmg.se  

BoMill has developed and markets a patented technology for sorting grain on a commercial scale, based on the internal qualities of each kernel. The method is the only one of its kind on the market today and is estimated to have the potential to become a Golden Standard within the industry.

The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: BOMILL.

For more information about BoMill, please visit www.bomill.com

Latest news and releases

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

Regulatory

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

Regulatory

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.

BoMill publishes prospectus regarding the Rights Issue

23 April 2024

Regulatory

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.

Today, BoMill AB (the “Company” or “BoMill”) has published a prospectus (“Prospectus”) regarding the forthcoming rights issue of shares with preferential rights for existing shareholders (the “Rights Issue”) resolved by the ordinary general meeting on April 12, 2024. The Rights Issue amounts to approximately a maximum of SEK 16.8 million.

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