Yesterday FRISQ Holding AB (publ) (“FRISQ” or the “Company”) announced the outcome of the fully guaranteed rights issue of 7,175,460 shares (the “Rights Issue”). In the Rights Issue, the board of directors had provided an oversubscription option which made it possible to additionally issue a maximum of 1,111,111 shares (the “Oversubscription Option”), which was fully utilized. FRISQ has received questions from investors regarding additional information on the outcome of the Rights Issue and the Company therefore wants to provide the following information.
The Rights Issue together with the Oversubscription Option made it possible for the Company to issue a total of 8,286,571 shares. In the Rights Issue, a total of 6,604,467 shares was subscribed by using subscription rights, corresponding to approximately 92.04 percent of the Rights Issue. In addition, the Company received applications to subscribe for shares without support of subscription rights corresponding to 2,048,341 shares. Thus, the Company received applications to subscribe for shares with and without support of subscription rights corresponding to a total of 8,652,808 shares, which means that the subscription rate in the Rights Issue amounted to approximately 120.5 percent.
Of all applications to subscribe for shares without support of subscription rights, a total of 1,682,104 shares will be allotted to those who subscribed for shares without support of subscription rights within the frame work of the Rights Issue and the Oversubscription Option.
The information in this press release has been published through the agency of the below contact persons at the time stated by Frisq Holding AB’s (publ) news distributor Cision at publication of this press release. The below persons can also be contacted for further information.
For further information, please contact:
Martin Irding, CEO, FRISQ
Mats Lindstrand, chairman, FRISQ