ABG Sundal Collier acted as joint bookrunner in the SEK 550m directed share issue in Hexatronic Group

Hexatronic Group AB (publ) has successfully completed a directed share issue of 1,250,000 shares, at an offer price of SEK 440 per share, raising gross proceeds of SEK 550 million. The Directed Share Issue was several times oversubscribed. As a result, the Company resolved to increase the Directed Share Issue from approximately SEK 500 million to SEK 550 million. The Directed Share Issue was subscribed by a large number of Swedish and international institutional investors, which included, among others AMF Fonder, FE Fonder, Handelsbanken Fonder and Swedbank Robur Fonder.
Hexatronic will use the proceeds from the Directed Share Issue to increase the Company’s financial flexibility for further acquisitions, to establish a new plant for micro duct production in the US that will be up and running in Q3 2022, for investments in increased production capacity based on high demand mostly from growth markets, and for general corporate purposes to support growth opportunities.