ABGSC acted as sole global coordinator and bookrunner in the SEK 353m directed share issue in Sdiptech

On Tuesday 9 June 2020, Sdiptech announced the successful completion of a directed share issue of 3.36 million shares at a price of SEK 105.00 per share, raising proceeds of SEK 353m. The directed share issue attracted very strong interest from Swedish and international institutional investors and was significantly oversubscribed. The directed share issue was subscribed by well-renowned investors, which included, among others, Invesco Asset Management, Swedbank Robur Fonder, Handelsbanken Fonder and Danske Invest. The price was determined in an accelerated book building process and corresponded to a 6.5 percent premium in relation to the Company’s 10-day volume weighted average share price on Nasdaq First North Premier Growth Market.
The directed share issue will broaden the ownership base and the proceeds will increase the financial flexibility for further acquisitions.