ABG Sundal Collier acted as joint bookrunner in the SEK 77m directed share issue in Paxman AB

The Board of Directors of Paxman has resolved on a directed issue of 1,400,000 shares at a subscription price of SEK 55 per share, consequently raising gross proceeds of SEK 77 million. The subscription price in the Directed Issue was determined through an accelerated bookbuilding procedure. A number of existing shareholder and new shareholders participated in the Directed Issue, including Creades AB (publ), Alcur Fonder and Andra AP-fonden.
Paxman intends to use the net proceeds from the Directed Issue to strengthen its financial position and continue to execute on the Company’s commercialisation strategy.