On Tuesday 5 November, Pandox AB (“Pandox” or the “Company”) announced the successful completion of a SEK 3 billion directed share issue, which was carried out through an accelerated book building. The transaction is the largest ever of its type in Sweden. Pandox issued 16.35m new shares, corresponding to 9.8% of the Company prior to the transaction, at a subscription price of SEK 186.5 per share. The proceeds will increase Pandox’s financial flexibility, and allow the Company to continue to make value accretive acquisitions and growth investments.
In connection with the directed share issue, Pandox engaged ABG Sundal Collier to coordinate the process and act as joint bookrunner. ABG Sundal Collier has lead all three of Pandox’s directed share issues since the Company’s IPO in 2015, in which ABG Sundal Collier acted as sole global coordinator.
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