CTEK announces final outcome in the rights issue

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The final outcome in CTEK AB (publ)’s (“CTEK” or the “Company”) rights issue of shares of approximately SEK 350 million (the “Rights Issue"), where the subscription period ended on 24 March 2023, shows that 19,640,130 shares, corresponding to approximately 98.2 percent of the offered shares, have been subscribed for with support of subscription rights. Additionally, applications to subscribe for 353,091 shares without support of subscription rights have been utilized, corresponding to approximately 1.8 percent of the offered shares. In total, subscriptions with support of subscription rights and subscription applications for subscription without support of subscription rights correspond to the total amount of shares offered in the Rights Issue. Thus, the Rights Issue is fully subscribed and no guarantee commitments have been utilized. As a result of the Rights Issue, CTEK will receive total issue proceeds of approximately SEK 350 million before deduction of transaction costs.

The Rights Issue comprised 19,993,221 shares, of which 19,640,130 shares, corresponding to approximately 98.2 percent of the offered shares, have been subscribed for with support of subscription rights. A total of 353,091 shares have been allotted to individuals who have applied to subscribe for shares without support of subscription rights, corresponding to approximately 1.8 percent of the offered shares, in accordance with the principles set out in the prospectus published on 8 March 2023. In total, subscriptions for shares with support of subscription rights and subscription for shares without support of subscription rights correspond to the total amount of shares offered in the Rights Issue. Thus, the Rights Issue is fully subscribed and no guarantee commitments have been utilized.

CTEK will receive proceeds through the Rights Issue of approximately SEK 350 million before deduction of transaction costs. As a result of the Rights Issue, CTEK’s share capital will increase by SEK 19,993,221 from SEK 49,983,054 to SEK 69,976,275 and the number of shares and votes will increase by 19,993,221 from 49,983,054 to 69,976,275.

Those who have subscribed for shares without the support of subscription rights will be allotted shares in accordance with the principles set out in the prospectus published on 8 March 2023. Notice of allotment to the persons who have subscribed for shares without support of subscription rights is expected to be distributed on 28 March 2023. Subscribed and allotted shares must be paid for in cash within two banking days in accordance with the instructions on the settlement note sent to the subscriber. Investors who have subscribed through a nominee will be notified of the allotment in accordance with their respective nominee's procedures. Only those who have been allotted shares will be notified.

The last day for trading in paid subscribed shares (BTA) is expected to be on 28 March 2023. The new shares subscribed for with support of subscription rights are expected to be registered with the Swedish Companies Registration Office around 30 March 2023 and the new shares are expected to start trading on Nasdaq Stockholm around 4 April 2023. The new shares subscribed for without support of subscription rights are expected to be registered with the Swedish Companies Registration Office around 3 April 2023 and the new shares are expected to start trading on Nasdaq Stockholm as of 4 April 2023.

Advisors

Carnegie Investment Bank AB (publ) and Swedbank AB (publ) act as Joint Global Coordinators and Joint Bookrunners in relation to the Rights Issue. Advokatfirman Vinge KB is legal advisor in relation to the Rights Issue.

The information was provided by the contact persons below for publication 28 March 2023 at 08:30 CEST.

The Board of CTEK AB (publ)