trending Market Intelligence /marketintelligence/en/news-insights/trending/cduoltkjbu-zm3kqwn139g2 content esgSubNav
In This List

D. Carnegie to receive 1B kronor from fully subscribed rights issuance


S&P Capital IQ Pro | Powered by Expert Insights


Q&A: Streamlining Analytics for TCFD Reporting


Evergrande and the wider impact: a sentiment analytics based perspective


Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

D. Carnegie to receive 1B kronor from fully subscribed rights issuance

D. Carnegie & Co. will receive proceeds of roughly 1.01 billion kronor, including issue costs, from its rights issuance that was fully subscribed at the close of subscription period March 23.

Under the offering, 10,749,568 shares, representing 95.5% of the offered shares, were bought through the exercise of subscription rights, while another 7,629,666 shares, reflecting approximately 67.8% of the offering, were subscribed without subscription rights.

The Sweden-based company said it will not use the rights issue guarantee provided by its largest shareholder, Vega Holdco S.à r.l.

Following the issuance, the value of D. Carnegie's share capital rose to about 1.15 billion kronor from 1.00 billion kronor. The total number of shares in the company now total 90,036,314, comprising 6,136,989 series A shares and 83,899,325 series B shares.

The last day for trading in paid subscribed shares is slated April 5. New shares will commence trading on the Nasdaq Stockholm on or about April 11.

Swedbank is the global coordinator and sole book runner, and Mannheimer Swartling acts as legal adviser to D. Carnegie & Co. for the rights issue.

As of March 27, US$1 was equivalent to 8.22 kronor.