The Extraordinary General Meeting resolved to approve the Board's decision of October 9, 2018 to increase the Company's share capital by no more than SEK 122 100.90 through a directed share issue of no more than 2 442 018 shares. The right to subscribe for the new shares shall, with deviation from the shareholders' preferential rights, be granted to a limited number of Swedish institutions and qualified investors, including Handelsbanken Fonder, a small-cap equity fund owned by a leading Swedish pension company and LMK-stiftelsen. The reasons for the deviation from the shareholders' preferential rights are to strengthen the Company's financial position in a timely and cost-efficient manner while broadening and strengthening the ownership base. The subscription price per share has been set to SEK 8.75 per share and has been determined by a bookbuilding process. The subscription price corresponds to a discount of approximatly 3% compared with the volume weighted average price during ten trading days preceding the Board of Directors decision.
Subscription and payment for new shares shall be made no later than 31 October 2018. The Board of Directors is entitled to extend the subscription and payment period.
The resolution was supported by more than two-thirds of both the votes cast and the shares represented at the EGM.
Through the issue, XMReality's share capital increases by SEK 122,90.90 from SEK 730,399.10 to SEK 852,500 and the number of shares increases by 2,442,018, from 14,607,982 shares to 17,050,000 shares. The rights issue will dilute XMReality's existing shareholders by approximately 14 percent after the issue of new shares.
For more information, please contact:
Claes Nylander, Chairman XMReality
Phone: +46 (0) 70 531 34 22
XMReality AB (publ) develops and sells solutions that revolutionize knowledge sharing through augmented reality (AR). The company is a market leader in remote guidance, which uses AR to guide onsite staff so that they can resolve or prevent problems. XMReality’s customers are mainly global industrial companies, including Bosch Rexroth, Siemens Industrial Turbomachinery, Electrolux, and Bombardier. XMReality is headquartered in Linköping, Sweden, and is listed on Nasdaq First North (ticker: XMR). www.xmreality.com
The company's Certified Adviser is Redeye AB
Phone: +46 (0) 8 545 013 30
www.redeye.se
The information was provided, through the contact of the above contact person, for publication on Thursday, October 25, at 14:30