NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
The result of Tobii AB’s (publ) (“Tobii” or the “Company”) rights issue, for which the subscription period ended on December 22, 2016, indicates that 8,633,477 shares, corresponding to 97.95 percent of the offered shares, were subscribed for by exercise of subscription rights. Additionally, applications for subscription without subscription rights of 8,629,035 shares, have been received, out of these applications for subscription 180,526 shares have been allotted. Accordingly, the rights issue is oversubscribed by 96%. Through the rights issue, Tobii will receive proceeds amounting to approximately SEK 458 million before issue costs.
Those who were registered by Euroclear Sweden AB as shareholders in Tobii on the record date December 2, 2016, had preferential right to subscribe for new shares in the rights issue. For each share held in Tobii one (1) subscription right was received. Ten (10) subscription rights entitled to subscription of one (1) new share at a subscription price of SEK 52. In addition, investors were offered to subscribe for shares without subscription rights.
Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. Notification regarding allocation of shares to subscribers who have been allotted shares without subscription rights are expected to be distributed on December 29, 2016. Subscribed and allocated shares shall be paid in cash at the latest on the settlement day, January 2, 2017, in accordance with the instructions on the settlement note. Nominee registered shareholders will receive notification regarding allocation of shares in accordance with the respective nominee’s procedures. Only those who are allotted shares will be notified.
Through the rights issue Tobii’s share capital will increase by SEK 63,962.63 to SEK 703,588.87 and the total number of shares will increase by 8,814,003 shares to 96,954,036 shares when the rights issue is registered by the Swedish Companies Registration Office.
The new shares subscribed for with subscription rights are expected to start trading on Nasdaq Stockholm on January 2, 2017. New shares subscribed for without exercise of subscription rights are expected to start trading on Nasdaq Stockholm on January 2, 2017.
Advisors in connection with the rights issue
Carnegie Investment Bank AB is financial advisor to Tobii and Baker McKenzie is legal advisor in connection with the rights issue.
This information is information that Tobii 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 person set out below, on December 29, 2016, at 08:00 a.m. CET.
For more information, contact:
Sara Hyléen, Corporate Communications Director, Tobii AB, phone: +46 70 916 16 41, email: email@example.com
Esben Olesen, CFO, Tobii AB, phone: +46 8 663 69 90 (switch), email: firstname.lastname@example.org
Henrik Eskilsson, CEO, Tobii AB, phone: +46 8 663 69 90 (switch), email: email@example.com
Tobii is the global leader in eye tracking. Our vision is a world where all technology works in harmony with natural human behavior. Tobii operates through three business units: Tobii Dynavox makes specially designed computers that are controlled by eye movement or touch screens for use by people with special needs due to spinal cord injuries, CP, ALS or other medical conditions. Tobii Pro develops and sells eye-tracking equipment and services used today by more than 3,000 companies and 2,000 research institutions, including all of the world’s 50 highest ranked universities. Tobii Tech further develops Tobii’s technology for new volume markets, such as computer games, personal computers, virtual reality and vehicles. Tobii is headquartered in Sweden and is listed on Nasdaq Stockholm (TOBII). The group has over 700 employees. For more information: www.tobii.com.
This announcement is not and does not form a part of any offer for sale of securities. Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, New Zealand, Hong Kong, Japan, South Africa or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.
The Offering of securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus. In any EEA Member State other than Sweden that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.
This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.