Skip to main contentSkip to navigationSkip to search
Logotype

The subscription period in BoMill’s rights issue begins today

19 April 2023, 09:15 CET

Today, April 19, 2023, the subscription period commences in BoMill AB’s (“BoMill” or the “Company”) rights issue of a maximum of 46 529 070 shares with a subscription price of SEK 0.47 per share (the “Rights Issue") resolved by the Extraordinary General Meeting of BoMill on April 6, 2023.

The Company may receive up to SEK 21.9 million from the Rights Issue before issue costs. The subscription period runs from today and up until and including May 3, 2023. The proceeds from the Rights Issue are primarily intended to finance sales and marketing activities in scaling up the commercialization of BoMill InSight (about 60%), continued product development (around 20%) and other operating costs (about 20%).

The EU growth prospectus prepared in connection with the Rights Issue and published by the Company on April 12, 2023 (“Prospectus”) (in Swedish) are held available on the Company's website (https://www.bomill.com/investors/share-issue-2023/), and Nordic Issuing’s website (https://nordic-issuing.se/aktuella-uppdrag/bomill-ab-3/). For complete information on the Rights Issue and its conditions, please refer to the Prospectus.

The Company has entered into agreements (1) with some of the shareholders, personnel, and board members regarding undertaking to subscribe by using their subscription rights, and (2) with certain shareholders concerning guarantee commitments to subscribe such shares that are not subscribed by others - which amount together 100% of the maximum amount of the Rights Issue. However, the commitments are not secured by bank guarantees, blocked funds, pledges, or similar arrangements.

Timetable for the Rights Issue

  • Last day of trading in shares including the right to obtain subscription rights: April 11, 2023
  • First day of trading in shares excluding the right to obtain subscription rights: April 12, 2023
  • Record date for receiving subscription rights: April 13, 2023
  • Trading in subscription rights: April 19 –April 27, 2023
  • Subscription period: April 19 – May 3, 2023
  • Announcement of the final outcome of the Rights Issue: Expected May 8, 2023
  • Trading with BTA (paid-up subscribed share): Starting on April 19, 2023, and will continue until the Swedish Companies Registration Office has registered the Rights Issue, expected to be week 22/23 2023. The last day of trading with BTA will be announced through a separate press release.

Summary of the Rights Issue’s conditions

  • Subscription price: SEK 0.47 per share. No commission paid.
  • Scope of the Rights Issue: The Rights Issue comprises of a maximum of 46 529 070 new shares. The Company may receive a maximum of approximately SEK 21.9 million from the Rights Issue, before deduction of transaction related costs.
  • Preferential right to subscribe: Shareholders receive one (1) subscription right for each share registered on the record date April 13, 2023 on the shareholders. One (1) subscription right entitles to subscribe with preferential right one (1) new share in the Company.
  • Subscription and payment: Subscription of shares are to take place during the subscription period in accordance with the Prospectus.
  • Number of shares before the Rights Issue: 46 529 070 shares
  • Dilution: Existing shareholders who choose not to use their subscription rights to subscribe for new shares will be subject to a dilution effect corresponding to 50 percent of the votes and capital in the Company, upon full subscription.
  • Underwriting and pre-subscription commitments: The Company has received pre-subscription and underwriting commitments amounting to approximately SEK 21.9 million (which equals 100 percent of the maximum amount of the Rights Issue). However, the commitments are not secured by bank guarantees, blocked funds, pledges, or similar arrangements.
  • Marketplace: Nasdaq First North Growth Market.
  • Subscription rights that are not exercised during the subscription period become invalid and lose their value. Subscription rights that are not intended to be used shall be sold at the latest on April 27, 2023 to not expire without value.

Issuer agent

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

Prospectus and other information

The Prospectus was approved and registered on April 12, 2023 by the Swedish Financial Supervisory Authority (the “SFSA”, sw. Finansinspektionen). Beside being published on BoMill’s website (www.bomill.com/investors/share-issue-2023), and on Nordic Issuing’s website (https://nordic-issuing.se/aktuella-uppdrag/bomill-ab-3/), the Prospectus is also available in the SFSA's prospectus register (www.fi.se). For complete information on the Rights Issue and its conditions, please refer to the Prospectus.

Important information

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 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 has been prepared by the Company in connection with the Rights Issue and has 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. This press release constitutes an advertisement in accordance with article 2 k of the Prospectus Regulation.

The information contained in this announcement relating to the rights issue is for background purposes only and does not purport to be full or complete. The information in this press release does thus 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. Any invitation to the persons concerned to subscribe for shares in the Company has only been made through the Prospectus. No action has been taken and no measures will be taken to permit a public offering in any jurisdictions other than Sweden.

Forward-looking statements

This press release may contain forward-looking statements that reflect the Company’s current view of future events as well as financial and operational development. Words such as “intend”, “expect”, “anticipate”, “believe”, “assess”, “except”, “may”, “plan”, “estimate” and other expressions involving indications or predictions regarding future developments or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements by nature entail known as well as unknown risks and uncertainties since they are dependent on future performance and circumstances. Forward-looking statements do not constitute any guarantee regarding future results or development and the actual outcome may materially differ from what is stated in forward-looking statements.

For additional information, visit www.bomill.com or contact:

Andreas Jeppsson, CEO - Phone: +46 727 001 182 - E-mail: andreas.jeppsson@bomill.com  

Cajsa Kapoor, CFO - Phone: +46 73 530 28 00 - E-mail: cajsa.kapoor@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.

See all news and releases