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Aspiro AB Updates on Rights Issue

Thursday, 6 Sep 2012 02:00am EDT 

Aspiro AB announced that the new share issue in the Company with preferential rights for the Company's shareholders, for which the subscription period ended on September 3, 2012, has been fully subscribed. The rights issue will provide Aspiro with approximately SEK 103 million before costs related to the rights issue. Following the rights issue the number of shares in Aspiro will increase by 137,506,677 shares from 206,260,016 shares to a total of 343,766,693 shares and the share capital will increase by SEK 92,038,719.1832 from SEK 138,058,073.94 to SEK 230,096,793.1232. 134,155,403 shares, corresponding to approximately 97.6% of the rights issue, have been subscribed for with subscription rights and 3,351,274 shares, corresponding to approximately 2.4% of the rights issue, have been subscribed for without subscription rights. Persons that have subscribed for shares without subscription rights have been allocated shares in accordance with the principles outlined in the prospectus that has been compiled in relation to the rights issue and was made public on August 15, 2012. New shares subscribed for by the exercise of subscription rights are expected to start trading on Nasdaq OMX Stockholm on or around September 12, 2012. Trading in shares subscribed without preferential right is expected to start on or around September 19, 2012. Pareto Ohman AB is acting as financial advisor and Mannheimer Swartling as legal advisor to Aspiro in connection with the rights issue. 

Company Quote

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11:29am EDT