Carnegie Investment Bank AB (publ) (”Carnegie”) exercises the over-allotment option regarding 1,094,474 shares in NCAB Group AB (publ) (“NCAB” or the “Company”). The stabilization period has now ended and no further stabilization transactions will be effected.
As announced in connection with the offering to acquire shares in the Company and the listing of the Company’s shares on Nasdaq Stockholm (the ”Offering”), Carnegie has, acting as Manager, had the possibility to carry out transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the market.
Stabilization transactions have been possible to effect on Nasdaq Stockholm, in the over-the-counter market or otherwise, at any time during the period starting on the first day of trading in the shares on Nasdaq Stockholm, i.e. 5 June and which ended 30 calendar days thereafter. The Manager has, however, not been required to undertake any stabilization and there has been no assurance that stabilization would be undertaken. Undertaken stabilization has been possible to discontinue at any time without prior notice. Transactions have, in no event, been effected at levels above the price in the Offering.
The Principal owners[1] of the Company granted the Manager an over-allotment option within the Offering, which could be utilized in whole or in part for 30 days from the first day of trading in the Company’s shares on Nasdaq Stockholm. The over-allotment option encompassed up to 1,337,402 additional shares, corresponding to up to 15 percent of the total number of shares encompassed by the Offering, at a price corresponding to the price in the Offering, i.e. SEK 75, to cover any over-allotment in connection with the Offering. Carnegie now notifies that the over-allotment option with respect to 1,094 474 existing shares has been exercised. Consequently the 242,928 shares in NCAB that equals the total amount of the stabilization measures which Carnegie has lent from the Principal Owners in order to cover over-allotment in connection with the Offering, will be returned.
Carnegie has, in its capacity as stabilization manager, notified that stabilization measures have been undertaken, in accordance with article 5(4) in the Market Abuse Regulation 596/2014, on Nasdaq Stockholm as specified below. The stabilization period regarding the Offering has now ended and no further stabilization transactions will be effected. All transactions during the stabilization period have been effected on Nasdaq Stockholm and no stabilization transactions have been effected on other dates than those specified below. Specified below is a summary of the stabilization transactions which have been undertaken during the stabilization period and which were previously disclosed in a press release as of 15 June 2018.
The contact person at Carnegie is Johan Flintull (tel: +46 8 676 88 42).
| Stabilization information: | |
| Issuer: | NCAB Group AB (publ) |
| Securities: | Shares (SE0011167956) |
| Offering size: | 8,916,016 |
| Offer price: | SEK 75 |
| Ticker: | NCAB |
| Stabilization manager: | Carnegie Investment Bank AB (publ) |
| Stabilization transactions: | ||||||
| Date | Quantity | Price (highest) | Price (lowest) | Price (volume weighted average) | Currency | Trading venue |
| 5/6/2018 | 135,603 | 75.00 | 75.00 | 75.00 | SEK | Nasdaq Stockholm |
| 7/6/2018 | 90,326 | 75.00 | 75.00 | 75.00 | SEK | Nasdaq Stockholm |
| 8/6/2018 | 16,999 | 75.00 | 75.00 | 75.00 | SEK | Nasdaq Stockholm |
| TOTAL | 242,928 | |||||
[1] ”Principal owners” refers to R12 Kapital AB, Gogoy AB and Hans Ståhl
For further information, please contact
Gunilla Öhman, Head of Investor Relations
Telefon: +46 70 763 81 25
E-mail: gunilla.ohman@ncabgroup.com
www.ncabgroup.com
This announcement contain inside information pursuant to Article 7 of the EU Market Abuse Regulation relating to NCAB Group AB (publ). The information was submitted for publication, through the agency of the contact person, as set out above, at 17:31 CEST on 6 July 2018.