KappAhl AB (STO:KAHL):
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITES
STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE OR
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OF THIS
PRESS RELEASE WOULD BE SUBJECT TO LEGAL RESTRICTIONS.
The new share issue in KappAhl AB (publ) ("KappAhl”) with preferential
rights for the company’s shareholders, for which the subscription period
ended on 20 December 2012, has been fully subscribed. Approximately
98.75 per cent of the shares offered have been subscribed for with
subscription rights and approximately 1.25 per cent of the shares
offered have been allocated to persons that have subscribed for shares
without subscription rights. In total, applications for subscription of
shares without subscription rights have been received corresponding to
approximately 51 per cent of the shares offered. Hence, the rights issue
guarantee undertakings have not been made use of.
Allocation of shares that were subscribed for without subscription
rights has been made in accordance with the principles outlined in the
prospectus that has been prepared in connection with the rights issue
and that was published on 30 November 2012. Notification regarding
allocation of shares that have been subscribed for without subscription
rights will within short be sent to those who have been allocated shares.
Through the rights issue, KappAhl receives approximately SEK 383 million
before deduction of transaction costs. The share capital will increase
by SEK 32,160,000 from SEK 32,160,000 to SEK 64,320,000, and the number
of shares will increase by 225,120,000 from 225,120,000 shares to
450,240,000 shares when the rights issue has been registered with the
Swedish Companies Registration Office. Trading in the new shares on
NASDAQ OMX Stockholm is expected to commence around 8 January 2013.
Following the rights issue, KappAhl has completed recalculation of the
6,744,000 warrants (Series 2012/2015) KappAhl issued after a resolution
at the Annual General Meeting on November 23, 2011. After conversion,
each warrant entitles to subscribe for 1.58 new shares at a subscription
price of SEK 4.80 per share. The warrants can thus increase the number
of shares in KappAhl by a maximum of 10,621,800 and the share capital by
a maximum of SEK 1,517,400.
Carnegie is acting as financial advisor and Setterwalls Advokatbyrå is
acting as legal advisor to KappAhl.
KappAhl was founded 1953 and is a leading Nordic fashion chain with
close to 400 stores and 4 500 co-workers in Sweden, Norway, Finland,
Poland and the Czech Republic. KappAhl designs, markets and sells
value-for-money fashion and focus in particular on women 30-50 years of
age. In 1999, KappAhl was the first fashion chain to receive
environmental management standard certification. During the financial
year 2011/2012, KappAhl had sales of SEK 4,6 billion. KappAhl shares are
listed on the NASDAQ OMX Stockholm. Further information is available at www.kappahl.com
KappAhl AB (publ) discloses the information provided here pursuant to
the Securities Market Act and/or the Financial Instruments Trading Act.
The information was submitted for publication on 27 December 2012 at 2
In certain jurisdictions, the publication or distribution of this press
release may be subject to legal restrictions and persons in those
jurisdictions where this press release has been published or distributed
should inform themselves about and abide by such legal restrictions.
This press release may not be published or distributed, directly or
indirectly, in or to the United States, Australia, Hong Kong, Japan,
Canada, New Zealand, Singapore, or South Africa or any other country
where such action is wholly or partially subject to legal restrictions.
Nor may the information in this press release be forwarded, reproduced
or disclosed in such a manner that contravenes such restrictions.
Failure to comply with this instruction may result in a violation of the
United States Securities Act of 1933 ("Securities Act") or laws
applicable in other jurisdictions.
This press release does not contain or constitute an invitation or an
offer to acquire, subscribe for or otherwise trade in shares,
subscription rights or other securities in KappAhl AB (publ). Any
invitation to the persons concerned to subscribe for shares in KappAhl
AB (publ) is only made through the prospectus that KappAhl AB (publ)
made public on 30 November 2012.
Neither of the subscription rights, the BTAs (interim shares) or the new
shares will be registered in accordance with the Securities Act or any
provincial act in Canada and may not be transferred or offered for sale
in the United States or Canada or to persons resident there or on
account of such persons other than in such exceptional cases that do not
require registration in accordance with the Securities Act or any
provincial act in Canada.
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