May 16, 2021

Two major shareholders of Acarix transfer their subscription rights free of charge and subscription period extends

Two largest shareholders of Acarix transfer their subscription rights free of charge and extend the subscription period. The Extraordinary General Meeting of Acarix AB resolved on 11 August 2020, subsequent to the board of directors resolution on 15 July 2020.

Redeye AB is playng its role as financial adviser and Baker McKenzie as a legal adviser to Acarix in the Rights Issue. Hagberg & Aneborn Fondkommission AB is an issuing agent to the company in the issuance of the Rights.

Acarix AB Extraordinary General Meeting concluded on 11 August 2020 to approve the board’s resolution related to issuance of maximum 86,156,738 shares with preferential rights to be provided to Acarix’s existing shareholders at a subscription price of SEK 0.65. The company may earn aggregated amount of about SEK 56 million.

The Company’s major shareholders Sunstone LSV Fund II K / S and SEED Capital DK II K / S  being institutional shareholders have transferred all of their entitled subscription rights in the Rights Issue around 47,490,810 rights totaling about 18.37 percent of the all Rights Issue. Now, as each of the funds are closed for new investments, Sunstone LSV Fund II K / S and SEED Capital DK II K / S can’t participate in the Rights Issue.

A number of qualified investors received those subscription rights who agreed on subscribing the shares using the subscription rights, representing a subscription value in the Rights issue of about SEK 10.3 million. While company’s board of directors has extended the period for subscription of shares until 8 September 2020

The company published a supplement to the prospectus on 20 August 2020, will now be prepared and published after the approval of the Swedish Financial Authority.