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Nordea Bank Abp, filial i Sverige (”Nordea”) has today notified Re:NewCell AB (publ) (”Renewcell” or the ”Company”) and Girindus Investments AB (“Girindus”), that the over-allotment option has been exercised in full and that the stabilisation period has ended in advance.
In connection with the initial public offering of Renewcell and the listing of the Company's shares on Nasdaq First North Premier Growth Market on 26 November 2020 (the "Offering"), Girindus granted Nordea an option to purchase up to 1,578,947 existing shares in Renewcell to cover any over-allotment in connection with the Offering (the “Over-Allotment Option”), exercisable in full or in part within 30 days from the first day of trading in Renewcell’s shares on Nasdaq First North Premier Growth Market. The Over-Allotment Option has been exercised in full.
No price stabilisation activities have been carried out, and due to the Company’s share price performance, Nordea has decided to end the stabilisation period in advance.
For further information, please contact:
Harald Cavalli-Björkman, CMO Renewcell
Telephone: +46 705 90 32 04
Email: harald.cavalli-bjorkman@renewcell.com
Important information
This press release is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction where such offer or sale would be unlawful.
In any EEA Member State, other than Sweden, that has implemented the (EU) Regulation 2017/1129 (the “Prospectus Regulation”), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.
Neither this press release nor the publication in which it is contained is for publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”). The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in the Company in any jurisdiction. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.
In the United Kingdom, this press release and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (as defined in section 2(e) of the Prospectus Regulation) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.
This press release may contain forward-looking statements which reflect the Company’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements.