NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION WHRE SUCH DISTRIBUTION OF THE PRESS RELEASE WOULD BE SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF SSM HOLDING AB (PUBL). SEE ALSO THE “IMPORTANT INFORMATION” SECTION BELOW.
On February 21, 2020, SSM Holding AB (publ) (“SSM” or the “Company”) announced that the Board of Directors had resolved on a rights issue of shares with preferential right for the shareholders, subject to the approval by the Extraordinary General Meeting on March 17, 2020 (the “Rights Issue”). The Rights Issue was approved by the Extraordinary General Meeting on March 17, 2020. For administrative reasons, will trading in subscription rights and paid subscribed shares (“BTA”) commence on Tuesday, March 24, 2020, instead of Monday, March 23, 2020.
In accordance with what SSM has previously communicated, trading in subscription rights will continue until April 2, 2020 and trading in BTAs will continue until the Rights Issue has been registered by the Swedish Companies Registration Office. The subscription period will run from March 23, 2020 until April 6, 2020.
Advokatfirman Schjødt is legal advisor to SSM in relation to the rights issue.
Mangold Fondkommission is the issuing agent.
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in SSM. This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, New Zeeland, Singapore, the United States or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws. No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, into or within the United States, other than pursuant to an exemption from, or in a transaction that is subject to, the registration requirements of the Securities Act. The offering is not aimed for individuals with residence in Australia, Hong Kong, Canada, Japan, New Zeeland, South Africa, Singapore nor in any other jurisdiction where participation would require additional prospectus, registration or other arrangements aside of the Swedish law system.