Mr Green’s new share placement snapped up

Mr Green & Co AB has successfully completed the placement of 5 million new shares through a number of Swedish and International institutional investors at SEK 39 per new share (see previous report).

The new share placement has raised SEK 195,000,000 million (GBP 17,569,833) before transaction costs which the company intends using to finance and facilitate further expansion, organically as well as through acquisitions.

The Directed New Share Issue results in an equity dilution of approximately 12.2 percent after completed issue.

A handful of large shareholders have divested a total of 1 million shares in the Company, namely: Henrik Bergquist, Hans Fajerson, Fredrik Sidfalk, Martin Trollborg, Mikael Pawlo and Tommy Trollborg, who have agreed not to sell additional shares in the Company over the next 90 days.

In addition, the company has committed to not issuing or divesting any financial instruments for a period of 180 days.