Offset issue connected to acquisition
Published 19 Dec 2018The Board of Knowit AB has, in accordance with a resolution of the AGM 2018, decided upon an offset issue of shares in Knowit AB, connected to payment for the acquisition of All Rise Media AB. The decision means that 32,841 new shares will be issued and that the share capital will increase to SEK 19,253,760.
As already communicated, Knowit has acquired All Rise Media AB, taking possession on January 1 2019. The Board of Knowit AB has decided upon an offset issue directed at the sellers of All Rise Media AB, as payment for the acquisition.
The share price was set to SEK 152.24 per share. Equity will increase with around SEK 5 million. The outstanding shares in Knowit AB total 19,220,919 before the new issue; following the issue, the number of shares will total 19,253,760.
Subscription occurred on December 18th and trading with the newly issued shares can occur following registration with Euroclear Sweden AB.
The information contained herein is such as shall be made public by Knowit, in accordance with the EU Market Abuse Regulation. This press release was made public through the agency of President and CEO Per Wallentin, at 2.00 PM CET on December 19 2018.