NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Midroc New Technology, Fouriertransform and Finindus (the “Sellers”) have sold 5,000,000 shares on a pro rata basis in Powercell AB (publ) ("Powercell") through an accelerated bookbuilding to Swedish and international institutional investors at a price of SEK 93.0 per share (the “Placing”). The price in the Placing is in line with the one month volume weighted average price for Powercell.
Following the placing, the Sellers own 15,835,176 shares in Powercell, corresponding to 30.5% of the total number of shares and votes in Powercell. Subject to customary exceptions or obtaining consent from Carnegie, the Sellers have agreed to a lock-up period of 180 days, in relation to their remaining shares in Powercell.
Carnegie acted as Sole Bookrunner and Pareto acted as Co-Lead Manager in connection with the Placing.