HMS Networks completes a placement of 3,500,000 shares, raising proceeds of SEK 1,400 million - Seite 2

The Share Issue entails an increase in the number of shares in HMS by 3,500,000 from 46,818,868 shares to 50,318,868 shares. The Share Issue results in a dilution of approximately 7 percent of the number of shares and votes in HMS (calculated as the number of newly issued shares divided by the total number of shares in HMS upon completion of the Share Issue). The share capital will increase by SEK 87,500.00 from SEK 1,170,471.70 to SEK 1,257,971.70.

In connection with the Share Issue, the Company has agreed to a so called lock-up undertaking, subject to customary exceptions, whereby the Company’s Board of Directors may not propose or resolve on any new share issuances for a period of 90 calendar days from the settlement date of the Share Issue. In addition, CEO Staffan Dahlström, CFO Joakim Nideborn, and all members of the Board of Directors of HMS¹, have undertaken, with certain exceptions, not to sell or otherwise dispose of their shares in HMS for a period of 90 calendar days after the settlement date of the Share Issue.

Advisors

SEB acts as Sole Global Coordinator and Bookrunner and Mannheimer Swartling Advokatbyrå acts as legal counsel to HMS in connection with the Share Issue. Roschier Advokatbyrå acts as legal counsel and Milbank LLP as international counsel to SEB in connection with the Share Issue.

For more information, please contact:
Staffan Dahlström, CEO HMS, [phone]
Joakim Nideborn, CFO HMS, [phone]

This information is such that HMS Networks AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 22:45 CEST on April 17, 2024.

HMS Networks AB (publ) is a market-leading provider of solutions in Industrial Information and Communication Technology (Industrial ICT) and employs over 1 200 people. Local sales and support are handled through over 20 sales offices all over the world, as well as through a wide network of distributors and partners. HMS reported sales of SEK 3,025 million in 2023 and is listed on the NASDAQ OMX in Stockholm in the Large Cap segment and Telecommunications sector.

IMPORTANT INFORMATION

This announcement is intended for the sole purpose of providing information. Persons needing advice should consult an independent financial adviser. This announcement does not constitute an investment recommendation. The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance.