Kamux Oyj
The IPO of Kamux Corporation has been oversubscribed and the final subscription price is EUR 7.20 per share
KAMUX CORPORATION STOCK EXCHANGE RELEASE MAY 11, 2017 at 14:40
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The IPO of Kamux Corporation has been oversubscribed and the final subscription price is EUR 7.20 per share
The Board of Directors of Kamux Corporation ("Kamux" or "the Company") have today decided on the completion of the initial public offering of Kamux. The final subscription price (the "Final Subscription Price") in the Offering (as defined below) is EUR 7.20 per Offer Share (as defined below), corresponding to a market capitalization of approximately EUR 287.9 million immediately following the Offering. The demand in the Offering was strong, and the Offering was oversubscribed. The Company's shares are expected to start trading on the pre-list of Nasdaq Helsinki Ltd (the "Helsinki Stock Exchange") on or about May 12, 2017.
Kamux will issue 2,852,853 new shares in the Company (the "New Shares") (the "Share Issue"), corresponding to approximately 7.7 percent of the total number of the Company's shares outstanding before the Offering. In addition, Intera Fund II Ky ("Intera") and certain other shareholders of the Company (together with Intera, the "Sellers") will sell 14,398,327 existing shares in the Company (the "Sale Shares") (the "Share Sale", and together with the Share Issue, the "Offering").
743,333 New Shares will be issued to private individuals and entities in Finland (the "Public Offering") and 1,999,700 New Shares and, in total, 16,398,027 Offer Shares will be allocated to institutional investors in Finland and internationally (the "Institutional Offering"), assuming full exercise of the Over-Allotment Option (as defined below). The commitments given in the Public Offering will be accepted in full.
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In addition, Kamux will issue 109,820 New Shares in the Personnel Offering (as defined below). All permanent employees of the Company or its wholly-owned subsidiaries on April 26, 2017 and the members of the Board of Directors of the Company (together the "Personnel"), excluding Sellers, have been offered an opportunity to participate in the offering (the "Personnel Offering"). The subscription price per share in the Personnel Offering is 10 percent lower than the Final Subscription Price in the Public Offering, i.e., EUR 6.48 per Offer Share. The commitments given in the Personnel Offering will be accepted in full.