ABG Sundal Collier acted as Sole Global Coordinator in Scandinavian Biogas’ SEK 326 million directed share issue, completed at a 62% premium to last close

On Tuesday 5 October, Scandinavian Biogas announced the successful completion of a directed share issue of approximately 13 million shares, representing 43 percent of the outstanding shares before the transaction, raising SEK 326 million. The subscription price was SEK 25.0 per share, corresponding to a premium of approximately 61.9 percent compared to the last close of the Company’s shares on Nasdaq First North Premier Growth Market on 5 October 2022.
The investors included a number of institutional and professional investors, including TrønderEnergi Vekst Holding AS (“TrønderEnergi”), Bengtssons Tidnings AB and other existing investors, including CEO Matti Vikkula and chairman of the board of directors Anders Bengtsson, who subscribed for an amount corresponding to SEK 300 million, SEK 19 million and SEK 7 million, respectively. The directed share issue is subject to subsequent approval by an extraordinary general meeting, which is expected to be held on 27 October 2022.
Following the closing of the transaction, TrønderEnergi’s shareholding in Scandinavian Biogas will be transferred to Aneo, company that will be co-owned together with HitecVision. Aneo’s shareholding will amount to approximately 36 percent of the outstanding shares in Scandinavian Biogas. Aneo will be required to make a mandatory offer for all other shares in Scandinavian Biogas within four weeks from settlement of the directed issue, unless its shareholding is decreased so that it no longer corresponds to 30 percent or more of the votes.
This is the second transaction ABG Sundal Collier has assisted the Company, following the SEK 586 million Dark Green IPO on Nasdaq First North Premier Growth Market in December 2020. Combined, ABG Sundal Collier has placed shares for an amount of more than SEK 900 million.