Sinch AB (publ)

Sinch completes a directed new share issue of 1,052,631 shares, raising approximately SEK 700 million - Seite 2

The Company’s board of directors’ assessment, based on the accelerated book building process executed by the Joint Bookrunners, is that the directed new share issue was carried out on market terms. The reason for deviating from the shareholders’ preferential rights in the directed new share issue is to, in a timely and cost efficient manner, enable the raising of capital to finance further value creating acquisitions and to broaden the Company’s shareholder base.

Through the directed new share issue, the number of shares and votes in the Company will increase by 1,052,631 shares and votes, from 58,933,303 shares and votes to 59,985,934 shares and votes. The share capital will increase with SEK 105,263.10 from SEK 5,893,330.30 to SEK 5,998,593.40. The new share issue entails a dilutive effect for existing shareholders of approximately 1.8 percent based on the total number of shares in the Company after the new share issue.

In connection with the new share issue, the Company has entered into a lock-up undertaking, with customary exceptions, regarding future share issues for a period of 90 calendar days as from today 15 June 2020. In addition, Cantaloupe AB, Neqst D1 AB and Salvis Investment Limited, who currently hold approximately 32 percent of the shares in the Company have undertaken, with customary exceptions, not to sell any shares in the Company for a period of 90 calendar days as from today 15 June 2020.

Advisors

In conjunction with the directed new share issue, the Company has engaged Carnegie, Danske Bank and Handelsbanken Capital Markets as Joint Bookrunners. Gernandt & Danielsson has been legal advisor to the Company. Baker McKenzie has been legal advisor to the Joint Bookrunners.

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile:        [phone]
E-mail:         [e-mail]

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.