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PA Resources AB Announces Final Results of Rights Issue


Tuesday, 29 Jan 2013 02:00am EST 

PA Resources AB (PA) announced that the subscription period for PA's rights issue ended on January 23, 2013. The final result of the rights issue shows that 3,570,016,226 shares, representing approximately 51% of the shares offered, were subscribed for with primary preferential right. Of these, 2,335,155,293 represented A-shares and 1,234,860,933 represented B-shares. Additionally, 226,447,991 shares have been subscribed for with subsidiary preferential right and without preferential right according to the principles outlined in the prospectus which was published on December 28, 2012. Notice to those who have subscribed for shares with subsidiary preferential rights and without preferential rights is expected to be distributed on or around January 29, 2013. The remaining 3,256,286,831 shares will be allotted to the guarantors pro rata in relation to their total undertaking, in accordance with the underwriting agreements entered into with the Company. Through the rights issue, which consequently is fully subscribed, PA will receive proceeds amounting to approximately SEK 705 million before transaction related costs. Through the rights issue PA's share capital increases by SEK 705,275,104.80 to SEK 1,414,599,897.20. The number of shares increases by 7,052,751,048 shares (whereof 3,824,865,912 A-shares and 3,227,885,136 B-shares) to 14,145,998,972 shares (whereof 4,462,343,564 A-shares and 9,683,655,408 B-shares). 

Company Quote

3.38
-0.06 -1.74%
22 Sep 2014