The preliminary results of BillerudKorsnäs’ rights issue show that
approximately 67.5 million shares, representing approximately 98.0
percent of the offered shares, were subscribed for with subscription
rights. Additionally, applications have been made to subscribe for
approximately 26.9 million shares without subscription rights. Thus, the
rights issue is fully subscribed. Through the rights issue
BillerudKorsnäs will receive proceeds amounting to approximately SEK
1,996 million before issue costs.
"We are very pleased with the strong support from our shareholders. The
rights issue strengthens our financial position and enables
BillerudKorsnäs to take advantage of business opportunities and further
improve its position on the market”, says Per Lindberg, President and
CEO of BillerudKorsnäs.
Those who have subscribed for shares without subscription rights will be
allocated shares according to the principles described in the
prospectus. Such subscribers who have been allocated shares will be
notified on or around 4 January 2013. Only those who are allocated
shares will be notified.
Through the rights issue, the number of shares in BillerudKorsnäs
increase by 68,833,629 to 208,219,834. The share capital increases to
SEK 1,537,642,792 through the rights issue.
The new shares subscribed for with subscription rights, made by cash
payment, are expected to be registered with the Swedish Companies
Registration Office ("SCRO”) on 7 January 2013 and start trading on
NASDAQ OMX Stockholm on 10 January 2013. No trading in BTAs or in new
shares will take place on 9 January 2013. Trading in shares subscribed
for without subscription rights is expected to start on 14 January 2013.
SEB Enskilda and Handelsbanken Capital Markets are acting as financial
advisors and Joint Lead Managers for the rights issue and Cederquist as
legal advisor to BillerudKorsnäs.
The information is such that BillerudKorsnäs AB (publ) is obligated to
publish under the Swedish Securities Market Act. Submitted for
publication at 08.45 CET, 4 January 2013.
In certain jurisdictions, the publication or distribution of this press
release may be subject to restrictions according to law and persons in
those jurisdictions where this press release has been published or
distributed should inform themselves about and abide by such
restrictions. This press release does not contain or constitute an
invitation or an offer to acquire, sell, subscribe for or otherwise
trade in shares, subscription rights or other securities in
BillerudKorsnäs AB (publ).
This press release is not directed at persons located in the United
States (including its territories and possession, any state of the
United States and the District of Columbia) (the ("United States"),
Canada, Australia, Hong Kong, Japan or in any other country where the
offer or sale of the subscription rights, interim shares (Sw. betalda
tecknade aktier) or new shares is not permitted. This press release may
not be announced, published or distributed, directly or indirectly, in
or into the United States, Canada, Australia, Hong Kong, Japan or any
other country where such action is wholly or partially subject to legal
restrictions or where such action would require additional prospectuses,
other offer documentation, registrations or other actions in addition to
what follows from Swedish law. Nor may the information in this press
release be forwarded, reproduced or disclosed in such a manner that
contravenes such restrictions or would require such additional
prospectuses, other offer documentation, registrations or other actions.
Failure to comply with this instruction may result in a violation of the
United States Securities Act of 1933, as amended (the "Securities Act")
or laws applicable in other jurisdictions.
In addition, if and to the extent that this press release is
communicated in any European Economic Area member state that has
implemented Directive 2003/71/EC (together with any applicable
implementing measures, including Directive 2010/73/EC, in any member
state, the "Prospectus Directive"), this press release is only addressed
to and directed at persons in that member state who are "qualified
investors" within the meaning of the Prospectus Directive and must not
be acted on or relied on by other persons in that member state.
In the United Kingdom, this press release is being distributed only to,
and is directed only at (i) persons who have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the "Financial Promotion Order"), (ii) persons falling
within Article 49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the Financial Promotion Order, or (iii) other
persons to whom it may otherwise be lawfully communicated (all such
persons together being referred to as "relevant persons"). This press
release is directed only at relevant persons and must not be acted on or
relied on by anyone who is not a relevant person.
No subscription rights, interim shares or new shares have been or will
be registered under the Securities Act, or with any other securities
regulatory authority of any state or other jurisdiction of the United
States and may not be offered, sold, resold, transferred, delivered or
distributed, directly or indirectly, into or within the United States or
on account of such persons other than pursuant to an exemption from, or
in a transaction not subject to the registration requirements of the
Securities Act, and in compliance with any applicable securities laws of
any state or jurisdiction of the United States. No public offering of
the subscription rights, interim shares or new shares will be made in
the United States.
BillerudKorsnäs – Packaging manufacturers and brand owners are offered
added value in the form of brand-strengthening, productivity-boosting
and environment-enhancing packaging solutions. BillerudKorsnäs has a
world-leading market position within primary fibre-based packaging
paper. The company has annual sales of around SEK 20 billion and is
listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com
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