Storytel announces its intention to carry out a directed share issue through an accelerated book building process
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Wednesday, November 9, 2022
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STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").
Key Points:
- STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").
- Storytel has engaged ABG Sundal Collier AB and Swedbank AB (publ) to explore the conditions for completing the Directed Issue through an accelerated bookbuilding procedure to be commenced immediately.
- The book building process will commence immediately and will end before trading on Nasdaq First North Growth Market commences on 10 November 2022.
- The Board of Directors may decide to extend or shorten the application period and can at any moment decide to terminate the book building process and thus refrain from conducting the Directed Issue.