Hilbert Group AB (publ) has Carried out a Directed Issue of SEK 21.2 million - Seite 2

The Directed Issue is subscribed for by a group of investors in Norway and Sweden with subscriptions between SEK 0.2 and 5 million. Significant subscriptions was made by Tigerstaden AS, Buntel AB and Gryningskust Holding AB.

The Directed Issue entails an increase in the number of shares in the Company by 5,300,000 B-shares to in total 61,221,375 shares divided into 8,500,000 A-shares and 52,721,375 B-shares. The share capital increases with SEK 265,000, from SEK 2,796,068.75 to SEK 3,061,068.75. The Directed Issue thereby entails a dilution effect for current shareholders of approximately 8.66 percent of the share capital and 3.85 percent of the votes in the Company, calculated as the number of newly issued shares divided by the total number of shares after the Directed Issue.

The Board of Director's deliberations on the Directed Issue

The Board has considered alternative financing structures, including to carry out a rights issue. In the opinion of the Board a directed share issue meets the company's financing needs in a more efficient way than a rights issue, not least due to the costs to have a rights issue guaranteed. Further, a rights issue would normally have to be made at a significant discount, which would lead to greater dilution effects for those existing shareholders who would not be able to participate in a rights issue. From a shareholder perspective, a rights issue at a discount entails a risk of a significant negative effect on the share price. After an overall assessment of the current market situation, the Board has concluded that the best financing alternative for the shareholders is to carry out the Directed issue on the current terms. The issue price has been determined through negotiations on arm's length basis with the investors. The Board of Directors concludes that the issue price reflects current market conditions.

For additional information, please contact:
Niclas Sandström
CEO Hilbert Group AB
Phone: [phone]
Email: [e-mail]

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