Sileon Announces Preliminary Outcome in Rights Issue

THIS PRESS RELEASE MAY NOT BE PUBLISHED, RELEASED, OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR TO AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SOUTH AFRICA, SWITZERLAND, SINGAPORE, UNITED KINGDOM, THE UNITED STATES, OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN SILEON AB (PUBL). SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW.

The Board of Directors of Sileon AB (publ), ("Sileon" or the “Company"), today announces the preliminary outcome of the new share issue with preferential rights for the Company's shareholders that was announced on September 7, 2023 (the “Rights Issue"). The Rights Issue was secured at 100 percent through subscription commitments of approximately 35.9 percent and issue guarantees for the remaining approximately 64.1 percent. The subscription summary shows that 12,143,508 shares, corresponding to approximately 71.87 percent of the Rights Issue were subscribed for with and without the support of subscription rights. Shares corresponding to approximately 28.13 percent of the Rights Issue will be subscribed for by guarantors who have provided issue guarantees. The Rights Issue is thus fully subscribed, and Sileon is thereby provided with approximately MSEK 33.8 before transaction costs, which are estimated to amount to approximately MSEK 6.0.

The subscription period in the Rights Issue ended on October 2, 2023, and the preliminary summary shows that 11,250,158 shares, corresponding to approximately 66.58 percent, were subscribed for with the support of subscription rights. The Company received expressions of interest for the subscription of 893,350 shares without the support of subscription rights, corresponding to approximately 5.29 percent of the issue volume. Finally, 4,753,294 shares, corresponding to approximately 28.13 percent of the Rights Issue, will be subscribed for by guarantors who have provided so-called issue guarantees. The Rights Issue is fully subscribed, and Sileon is thus provided with approximately MSEK 33.8 before transaction costs, which are estimated to amount to approximately MSEK 6.0.

Allocation of shares subscribed for without the support of subscription rights has been made in accordance with the principles set out in the prospectus prepared in connection with the Rights Issue and which was published on September 13, 2023. Notifications of allocation of shares subscribed for without the support of subscription rights will shortly be sent to those allocated shares via a settlement note. Nominee registered shareholders will receive notification of allocation in accordance with respective nominee’s routines. Allocated shares shall be paid for in accordance with the instructions on the settlement note. The final outcome is expected to be announced around October 4, 2023.

Advisors
Erik Penser Bank AB is the financial advisor and Advokatfirman Vinge KB is the legal advisor to Sileon in connection with the Rights Issue.

For more information, please contact:
David Larsson, CEO, Sileon AB
Email: [email protected]
Phone: +46 725 502 306

This is information of the type that Sileon AB (publ) is obligated to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person above on 2023-10-02 18:25 CEST.

About Sileon
Sileon is a global fintech company that offers an innovative card-based Buy Now Pay Later (BNPL) SaaS functionality to banks, card issuers and fintechs. With Sileon's BNPL product, customers can add BNPL to their existing credit or debit card base and run their B2B or B2C BNPL business in-house. Sileon operates in a fast-growing international market with an estimated transaction volume of $680 billion globally by 2025. Sileon is listed on the Nasdaq First North Growth Market and has approximately 50 employees at its headquarters in Stockholm, Sweden. The Company's Certified Adviser is Erik Penser Bank.

Important information
The information in this press release does not constitute an offer to acquire, subscribe to, or otherwise trade in shares or other securities in Sileon. No action has been taken, or will be taken, by Sileon to permit a public offer in jurisdictions other than Sweden.

This press release may not be published or distributed, directly or indirectly, in or to Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, United Kingdom, the United States or any other jurisdiction where such action in whole or in part is subject to legal restrictions, or would require additional prospectus, registration or other measures than what follows from Swedish law. The information in this press release may also not be forwarded or reproduced in a way that is contrary to such restrictions or would entail such requirements. Actions contrary to this instruction may constitute a violation of applicable securities legislation. Neither subscription rights, paid and subscribed shares nor new shares subscribed for in the offering have been registered or will be registered under the United States Securities Act of 1933 as amended (the "Securities Act") and may not be offered, subscribed for, exercised, pledged, sold, resold, delivered or transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act. The offer is also not directed at persons domiciled in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, United Kingdom or in any other jurisdiction where participation would require additional prospectus, registration or other measures than those that follow from Swedish law.

Forward-looking statements
This press release contains certain forward-looking statements that reflect Sileon's current views and expectations regarding future events and financial and operational developments, including statements regarding the Rights Issue and statements regarding guidance, planning, prospects and strategies. Words such as "intended," "estimated," "expected," "planned," "estimated," "may," and other expressions that imply indications or predictions of future developments or trends and are not based on historical facts constitute forward-looking statements information. Although Sileon believes that these statements are based on reasonable assumptions and expectations, Sileon cannot guarantee that such forward-looking statements will be realized. Because these forward-looking statements involve both known and unknown risks and uncertainties, actual outcomes may differ materially from those expressed in forward-looking information. Forward-looking statements in the press release speak only as of the date of the press release and are subject to change without notice. Potential investors should not place undue reliance on the forward-looking information contained herein, and potential investors are strongly encouraged to read those parts of the prospectus that include a more detailed description of factors that may affect the Company's business and the market in which the Company operates. The Company makes no promises to publish updates or revisions to forward-looking statements as a result of new information, future events or the like beyond what is required by applicable laws or stock market regulation.