Anoto Group carries out a directed rights issue of 7,500,000 new ordinary shares, through which the company will raise approximately MSEK 5.9
Stockholm, 18 January 2022 – The Board of Directors of Anoto Group AB (“Anoto” or the “Company”) has, on the basis of an authorisation from the Annual General Meeting held on 30 June, 2021, resolved on a directed rights issue of 7,500,000 new ordinary shares at a subscription price of SEK 0.781 per share (the “New Issue”). The subscription price has been determined after discussions at an arm’s length between investors and Anoto and corresponds to a premium of 3.6 percent against the closing price of 17 January 2022.
The new ordinary shares in the New Issue have been subscribed by a group of international investors. The reason for the deviation from the shareholders’ preferential rights is to carry out capital raising in a timely and cost-efficient manner. All subscribed shares have been allotted.
Through the New Issue, Anoto will receive approximately SEK 5.9 million before issue costs. The New Issue has a dilution effect of approximately 3.5 percent of the share capital after dilution by increasing the number of outstanding shares from 215,658,150 to 223,158,150.
The proceeds will primarily be used for financing the set up of an own manufacturing site in Mexico in addition to the existing site operated by a third party.
For further information, please contact:
Joonhee Won, CEO, Anoto Group AB
This information is information that Anoto Group 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 person set out above, on January 18, 2022 at08:00 CET.
About Anoto Group
Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a leader in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and the related software. These smartpens enrich the daily lives of millions of people around the world. Anoto currently has three main business lines: Livescribe retail, Enterprise Forms and OEM. Anoto also owns Knowledge AI, a leading AI based education solution company, as its majority-controlled subsidiary. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.
© 2022 GlobeNewswire, Inc. All Rights Reserved.