NewsOrganoclick resolves upon a directed share issue of approximately SEK 40 million for financing of acquisitions and continued growth

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The board of directors of OrganoClick AB (publ) (“OrganoClick” or the “Company”) has, in accordance with what the Company indicated in a press release on 19 September 2017, resolved, with deviation from the shareholders preferential right, upon a new issue of 5,970,149 new shares directed to selected Swedish and international investors (the “Private Placement”). The investors have been selected based on an accelerated book building which has been carried out by the Company’s financial advisor Pareto Securities AB .

The subscription price per new share in the Private Placement is set to SEK 6.70 and has been established through the book building carried out by Pareto Securities. Through the Private Placement, OrganoClick will raise up to approximately SEK 40 million before issue costs. Compared to the closing price on 19 September 2017, the subscription price constitutes a discount of 10 per cent.

The Private Placement is carried out to enable financing of potential acquisitions, as the Company is currently in active discussions regarding potential acquisitions, as well as to secure financing for the Company’s continued growth.

”This successful new issue of shares is an important piece in OrganoClick’s further expansion strategy. We will with the financing in place, move on with our discussions regarding possible acquisitions of complementary businesses, and continue our marketing activities within our focus areas. We also want to welcome our new shareholders, among them the Salén family and Mr. Li Chao Wang, that we believe will contribute with a lot of knowledge and business opportunities,” says Mårten Hellberg, CEO OrganoClick.

Through the Private Placement, the number of shares and votes in OrganoClick will be increased by up to 5,970,149 shares and votes, from 68,495,582 shares and votes up to a maximum of 74,465,731 shares and votes. The shares issued in the Private Placement correspond to approximately 8.0 per cent of the share capital and votes in OrganoClick after the Private Placement. Subscription for and payment of the new shares shall occur no later than on 22 September 2017. The Board of Directors of OrganoClick retains the right to extend the period for subscription and payment at its discretion. In order to facilitate delivery of shares in the Private Placement, Mårten Hellberg, CEO of OrganoClick, has, through his company, M. Hellberg AB, lent shares equivalent to the total number of shares in the Private Placement to Pareto Securities AB.

The reason for deviating from the shareholders’ preferential rights by conducting a directed share issue is to broaden the Company’s institutional shareholder base and that a directed share issue means lower costs and a faster process which collectively indicate that it is in the Company’s and the shareholders’ interest that the share issue is made with deviation from the shareholders’ preferential rights.

As the interest in the Private Placement was high, Serendipity Ixora AB (“Serendipity Ixora”) sold 4,245,889 existing shares at a price of SEK 6.70 (corresponding to the issue price). Following the sale, Serendipity Ixora holds 8,357,422 shares, corresponding to approximately 11.2 per cent of the total number of shares after the Private Placement. Serendipity Ixora has, in respect of any shares not sold in connection with the Private Placement, entered into a so called lock-up undertaking with Pareto Securities which means that Serendipity Ixora may not sell any additional shares for a period of 90 days from the Private Placement.

The new shareholders added through the Private Placement include the Salén family through Westindia AB as well as Mr. Li Chao Wang, who subscribed for shares through Sentential Holding Limited. Li Chao Wang is the founder and chairman of Vinda International Holdings Limited (“Vinda”), active within cellulose-based tissue and hygiene products, and listed on the Hong Kong stock exchange, with a market capitalization of approximately SEK 18 billion. After having acquired the majority of Mr. Li Chao Wang’s shares in 2013, SCA is now the largest owner of Vinda. Mr. Li Chao Wang owns approximately 20 per cent of the shares in Vinda.

Pareto Securities has been appointed as sole bookrunner and lead manager in connection with the Private Placement.

For further information please contact:
Mårten Hellberg, CEO
08-684 001 10
marten.hellberg@organoclick.com

This information is information that OrganoClick AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on September 20, 2017.

This is a translation of the Swedish version of the press release. In case of discrepancies, the Swedish wording prevails.