Mr Green places new share issue

Mr Green & Co AB (MrGreen) has announced the placement of 5 million new shares through a directed new share issue to Swedish and International investors.

The price of the New Shares will be determined through an accelerated book-building procedure, which will begin today (Wednesday, June 14) at 17:30 and end before the commencement of trading on Nasdaq Stockholm on 15 June 2017.

Mr Green will use the proceeds of the issue to fund further expansion, both organically and through acquisitions to enable scale in an increasingly consolidated industry.

In addition to the New Shares, a handful of large shareholders, including board members Henrik Bergquist and Tommy Trollborg, are expected to divest a total of approximately 1 million shares, the company said.

The directed new share issue will be coordinated by Carnegie Investment Bank as Global Coordinator, SEB as Bookrunner and Cederquist as legal counsel.

Related and similar