ABG Sundal Collier AB and Skandinaviska Enskilda Banken AB (publ) (”Joint Global Coordinators”) notify that stabilisation measures have been effected in SSM Holding AB’s (publ) (“SSM” or the “Company”) shares on Nasdaq Stockholm.
According to the announcement in connection with the offer to acquire shares in SSM and the listing of the Company’s shares on Nasdaq Stockholm (the “Offering”) the Joint Global Coordinators may effect transactions on Nasdaq Stockholm aimed at supporting the market price of the shares above or at the same level as those which might otherwise prevail in the open market.
Such stabilisation transactions may be effected at any time during the period that started on the date of commencement of trading in the share on Nasdaq Stockholm and ending no later than 30 calendar days thereafter. The Joint Global Coordinators are, however, not required to undertake any stabilisation and there is no assurance that stabilisation will be undertaken. Stabilisation, if undertaken, may be discontinued at any time without prior notice. In no event will transactions be effected at levels above the price in the Offering.
In order to cover possible overallotments, Eurodevelopment Holding AG (the “Principal Shareholder”) further undertook, at the request of the Joint Global Coordinators, to sell additional shares corresponding to a maximum of 15 percent of the number of shares comprised in the Offering (the “Over-Allotment Option”), entailing a maximum of 1,471,970 shares, at the price per share in the Offering which was SEK 59. The Over-Allotment Option may be exercised in full or in part for a period of 30 calendar days from the first day of trading in the Company’s shares on Nasdaq Stockholm.
Skandinaviska Enskilda Banken AB (publ) (“SEB”), as stabilisation manager, announces that stabilisation measures have been undertaken in accordance with article 5(4) in the Market Abuse Regulation 596/2014 as specified below. The contact person at SEB is Ben Jones (tel: +44 20 7246 4651).
|Issue:||SSM Holding AB (publ)|
|Offering size:||9,813,136 shares|
|Offer price:||SEK 59|
|Stabilisation manager||Skandinaviska Enskilda Banken AB (publ)|
|Date||Quantity||Price (highest)||Price (lowest)||Price
(volume weighted average)
This information is information that SSM Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 27 April 2017 19:45 CET
For more information, please contact:
Ann-Charlotte Johansson, Chief Communications & IR Officer
Tel: +46 (0)761-65 17 71
This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares or other securities in SSM. Invitation to acquire shares in SSM has only be made through the prospectus which the Company published in connection with the Offering. The prospectus will contains, among other things, risk factors, financial statements as well as information regarding the company’s board of directors. This press release has not been approved by any regulatory authority and is not a prospectus and accordingly, investors should not acquire any securities referred to in this press release, except on the basis of information provided in the abovementioned prospectus.
In certain jurisdictions, the publication or distribution of this press release may be subject to restrictions according to law, and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such restrictions.
The shares or securities of SSM have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or jurisdiction within the United States, and no shares or other securities in SSM may, directly or indirectly, be offered, sold, resold, transferred, delivered or distributed to or within the United States. No shares or other securities in SSM will be offered in the United States. There are no plans to register shares or other securities in SSM, or to conduct an offering of such shares or securities, in the United States.
This press release may not be announced, published or distributed, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. The information in this press release may not be forwarded, reproduced or disclosed in such a manner that would contravene such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the Securities Act or laws applicable in other jurisdictions.
This press release contains forward-looking statements which reflect SSM’s current view on future events and financial and operational development. Words such as “intend”, “will”, “expect”, “anticipate”, “may”, “plan”, “estimate” and other expressions than historical facts which imply indications or predictions of future development or trends, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. The information, opinions and forward-looking statements concluded in this announcement speak only as of its date and are subject to change without notice.