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Confidence intends to implement a new issue targeted at approximately SEK 10 million

At its meeting today, the Board of Directors of Confidence International AB (“The Trust” or “The Company”) decided to investigate the conditions for using the mandate received at the Extraordinary General Assembly meeting on December 18, 2020, to issue a maximum of 3,122,281 new ones. A deviation from the preferential rights of shareholders. Proceeds from the issuance, which is expected to be in the range of 10-11 million SEK, are intended to be used to finance investments and initiatives for continued growth and to secure working capital necessary for continuous expansion of the business.

The private placement will be executed with a deviation from the preferential rights of the shareholders and supported by the permission issued by the Extraordinary General Assembly on December 18, 2020. The company will investigate the conditions for the issuance of the new shares upon publication of this press release by seeking interest from qualified private investors Primarily.

The primary reason for the new shares issue is to finance investments and initiatives for continued growth and to secure the working capital necessary for continued expansion of the business.

The reasons for the deviation from the preferential rights of shareholders are to strengthen the ownership base in the company among qualified private sector investors and to exploit the opportunity to increase capital on market terms in a time- and cost-effective manner.

Confidence’s legal advisor regarding the private placement was Foyen Advokatfirma.

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for further information:

Gerth Svenson,
Chairman of Board of Directors
Phone 08 620 82 00

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This information is information that Confidence International AB is obligated to publish in accordance with the market abuse regulations in the European Union. The information has been submitted, by sponsorship of the contact below, for publication on April 19, 2021 at 17:55 CEST.

important information

The publication or distribution of this press release may be subject to restrictions in some jurisdictions and individuals in the jurisdictions in which this press release has been published or distributed must inform themselves of these legal restrictions and comply with them. This press release does not constitute an offer or an invitation to acquire or subscribe to any Confidence International securities in any jurisdiction.

This press release does not constitute or form part of an offer or invitation to buy or subscribe to securities in the United States. The securities referred to here may not be sold in the United States without being registered or exempt from registration under the United States Securities Act of 1933, as amended (the “Securities Act”), nor may they be offered or sold in the United States without being registered or exempt from The registration is or is involved in a transaction not covered by the registration under the Securities Law. There is no intention to register any securities referenced herein in the United States or to make a public offer regarding securities in the United States. The information in this press release may not be published, published, copied, or distributed, directly or indirectly, in whole or in part, in or to the United States, Canada, Japan, South Africa, Australia, or any other jurisdiction in which the publication is made. The information or its distribution will not be laws and regulations or require publication, registration or procedures other than those required by Swedish law. Actions contrary to these instructions may violate applicable securities legislation.

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This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. Confidence International has not accepted any offer of securities to the public in any member state of the European Economic Area and a prospectus has not been issued or will be issued in connection with the rights issue. In each member state of the European Economic Area, this notice is only directed to “Eligible Investors” in that Member State as specified in the Prospectus Regulations.

In the United Kingdom, this document and other materials are distributed and directed in relation to the securities described here only, and any investment or investment activity related to this document is available only to “eligible investors” and will be available to them only: (1) Persons with professional experience in investment matters Which fall within the definition of “investment professionals” in Section 19 (5) of the Financial Services and Markets Act 2000 in the United Kingdom (Financial Promotion) Ordinance 2005 (“the Order”); Or (2) Persons with high net worth is covered by Article 49 (2) (a) – (d) of the Ordinance (all of these persons are collectively referred to as “Concerned Persons”). In the United Kingdom, any investment or investments to which this notice relates is available only to the persons concerned and will cover them only. Persons who are not relevant persons should not take any action based on this press release and not act or rely on it.

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The following attachments are available for download:
PDF press release

See the full press release and other news from this company at Cision News.
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