Photocat's Initial Public Offering Completed
(Thomson Reuters ONE) -
On October 14, 2015 the subscription period in relation to Photocat A/S'
("Photocat") Initial Public Offering ended prior to listing on Nasdaq First
North, Stockholm. The issue was subscribed by approximately SEK 6.0 million
without preferential rights for existing shareholders. Along with the private
placement conducted the issues supplied Photocat of SEK 14.6 million and about
145 new shareholders. Contract notes are expected to be sent out to the
subscribers on October 23, 2015.
CEO Michael Humle comments
- "Although we have not reached a fully subscribed capitalization, we see that
the company's financial resources will enable continued commercialization of
Photocat's products. A business plan with a lower risk have been developed and
adopted by the board that concentrates on Photocat's efforts to increase sales
to existing customers. We look forward to having high transparency and initiate
a new phase in its history as a listed company. With the funds raised in the IPO
together with the funds that the company raised through our private placement
during the summer we have sufficient working capital resources until the end of
2016 to process our existing customers in Europe, Canada and Mexico, while
continuing our strategic work in public affairs. I intend to keep the
shareholders and the market fully informed of any relevant development."
The listing on First North
First day of trading on First North is expected to be 17 November 2015. The
share's ticker symbol will be PCAT and the ISIN code is DK0060648251.
Shares and share capital
After the new share issue has been registered with CVS (Danish Companies House),
the total number of shares in Photocat will be 1,980,509 shares and the share
capital will amount to 1,980,509 DKK.
Financial advisor
Redeye has been the financial advisor and LETT Lawfirm has been the legal
advisor to the Company in connection with the initial Public Offering prior to
listing on Nasdaq First North.
For More Information, Please Contact:
Michael Humle, CEO at Photocat Adam Sagedahl, Executive Assistant at
Photocat
Tel: +45 22 10 25 23 Tel: +45 42 75 95 46
e-mail: michael(at)photocat.net e-mail: sa(at)photocat.net
Press release (PDF):
http://hugin.info/170778/R/1961142/715062.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Photocat A/S via GlobeNewswire
[HUG#1961142]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2015 - 13:23 Uhr
Sprache: Deutsch
News-ID 429070
Anzahl Zeichen: 3197
contact information:
Town:
Roskilde
Kategorie:
Business News
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