Anoto Group announces outcome of the rights issue of 20.5 MSEK

The subscription period of the rights issue in Anoto Group AB (publ) (“Anoto” or the “Company”) ended on 2 June 2023. The subscription ratio in the rights issue amounted to 69.3 percent. Guarantee undertakings corresponding to 15,740,288 shares, approximately 30.7 percent of the shares in the rights issue, will thus be utilized. Through the rights issue Anoto will receive approximately SEK 20.5 million before the deduction of transaction costs.

• The subscription ratio in the rights issue amounted to 69.3 percent.
• 14.1 percent of the rights issue was subscribed for by exercise of subscription rights and 55.2 percent of the rights issue was subscribed for without subscription rights.
• Guarantee undertakings corresponding to 15,740,288 shares, approximately 30.7 percent of the shares in the rights issue, have been utilized.
• The purpose of the rights issue is to finance, together with the directed issue of SEK 20 million approved by the Extraordinary General Meeting on 4 May 2023, a fast delivery of pens for a potential order and to repay outstanding debt.

Comment from Joonhee Won, CEO of Anoto:
”During the last month, Anoto has raised approximately SEK 70 million through a rights issue, directed issue, and a sale of shares in KAIT. The proceeds are being used to repay debt, focus on building our business and enhancing our team. Upon announcement of the rights issue, the subscription price was determined to a premium to the closing price of the Company’s ordinary share. The great result in the capital raises is due to our core technology and innovation in smartpens where we are the clear market leader. While the world is continuing to digitize, few of us want to lose our pens. This is particularly clear in the classroom where handwriting is a core skill linked to attention and learning. I believe that although we still have a lot of work in front of us, today marks an important inflection point for Anoto.”

Through the rights issue, the Company will receive approximately SEK 20.5 million before deduction of costs related to the transaction, which amount to approximately SEK 1.5 million. The rights issue consists of 51,247,103 new shares. The subscription price was SEK 0.40 per new share and the subscription period ended on 2 June 2023. The rights issue was guaranteed to 50 percent, corresponding to SEK 10 million. 14.1 percent of the rights issue was subscribed for by exercise of subscription rights and 55.2 percent of the rights issue was subscribed for without subscription rights. Guarantee undertakings of 15,740,288 shares corresponding to approximately 30.7 of the shares in the rights issue have been utilised.