ABG Sundal Collier AB ("ABG"), in its capacity as Joint Global Coordinator and stabilization manager, notifies that the overallotment option in connection with Acast AB:s (publ) (“Acast” or the “Company”) offering of shares prior to the listing on Nasdaq First North Premier Growth Market (the "Offering") will not be exercised. The stabilisation period has now ended and no further stabilisation measures will be conducted.
As announced in connection with the Offering, ABG had the option, acting as Joint Global Coordinator and stabilisation manager, to carry out transactions aimed at supporting the market price of the shares at levels above those which might otherwise have prevailed in the market. Stabilisation transactions could have been undertaken on Nasdaq First North Premier Growth Market, in the over-the-counter market or otherwise, at any time during the period from the date of commencement of trading in the shares on Nasdaq First North Premier Growth Market, i.e. 17 June 2021, and ending no later than 30 calendar days thereafter. However, ABG had no obligation to undertake any stabilisation measures. Transactions have not been allowed to be conducted at a price higher than set out in the Offering, i.e. SEK 38.
The Company has undertaken, at the request of the Joint Global Coordinators, to issue up to 7,227,493 shares corresponding to up to 15 percent of the total number of shares in the Offering, at a price corresponding to the price in the Offering, i.e. SEK 38 per share, to cover any over-allotment in connection with the Offering (the "Over-allotment Option").
ABG now notifies that the Over-allotment Option will not be exercised.
The stabilisation period in the Offering has now ended and no further stabilisation transactions will be conducted. ABG announces, in its capacity as Joint Global Coordinator and stabilisation manager, that stabilisation measures have been undertaken in accordance with article 5(4) in the EU Market Abuse Regulation 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 as specified below.
The contact person at ABG is Erik Skog (tel: +46 8 566 29 471, e-post: firstname.lastname@example.org).
|Issuer:||Acast AB (publ)|
|Securities:||Shares (ISIN: SE0015960935)|
|Offering size:||48,183,287 shares|
|Offer price:||SEK 38|
|Stabilisation manager:||ABG Sundal Collier AB|
|Date||Quantity, shares||Price (highest)||Price (lowest)||Price (volume weighted average)||Curr-ency||Trading venue|
|12 July 2021||142,258||34.50||33.50||33.95||SEK||Nasdaq First North Growth Market|
|13 July 2021||150,000||33.50||31.00||33.10||SEK||Nasdaq First North Growth Market|
|14 July 2021||150,000||33.00||31.80||32.54||SEK||Nasdaq First North Growth Market|
|15 July 2021||150,000||31.50||30.70||30.99||SEK||Nasdaq First North Growth Market|
|16 July 2021||150,000||32.00||30.50||31.04||SEK||Nasdaq First North Growth Market|