Catena completes a directed share issue, raising proceeds of SEK 1,080 million
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
The board of directors of Catena AB (publ) (”Catena” or the “Company”) has, based on the authorisation granted by the annual general meeting on April 29, 2020, resolved on a directed issue of 3,000,000 shares at a subscription price of SEK 360 per share (the “Share Issue”). The subscription price has been determined through an accelerated book building procedure and corresponds to a discount of 6.5 percent to the closing share price on March 31, 2021. Compared to the long-term net asset value per share of SEK 245.08 as of December 31, 2020, the subscription price corresponds to a premium of 47 percent. Upon settlement of the Share Issue, Catena will receive gross proceeds of SEK 1,080 million.