Collector’s rights issue fully subscribed
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTOR OR RELEASE WOULD BE UNLAWFUL.
Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. A notification will be sent to such subscribers who have been allotted shares without subscription rights. Only those who have been allotted shares will be notified.
Through the rights issue Collector’s share capital increased by SEK 933,500 from SEK 9,335,550.20 to SEK 10,269,050.20 and the total number of shares increases by 9,335,000 from 93,355,502 to 102,690,502 when the rights issue is registered at the Swedish Companies Registration Office.
The final day for trading in paid subscribed shares (BTAs) is expected to be October 24, 2016. The new shares subscribed for with subscription rights are expected to start trading on Nasdaq Stockholm on October 26, 2016 and the shares subscribed for without subscription rights on October 28, 2016.
Financial and legal advisors
SEB Corporate Finance is acting as financial advisor and Setterwalls Advokatbyrå as legal advisor to Collector in connection with the rights issue.
Gothenburg October 17, 2016
Collector AB (publ)
For more information, please contact:
Stefan Alexandersson, CEO Collector I Phone +46 10 161 00 00 I firstname.lastname@example.org
Pia-Lena Olofsson, CFO & Head of IR Collector I Phone +46 10 161 00 00 I email@example.com
Åsa Hillsten, CCO & IR Collector I Phone +46 10 161 00 00 I firstname.lastname@example.org
This information is information that Collector AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 12.00 CET on October 17, 2016.
Collector is a niche bank that offers innovative financial solutions to private and corporate customers. Operations are carried out in two segments; Retail and Corporate. Within Retail, Collector offers personal loans, invoicing and instalment solutions to e-commerce and retail customers, credit cards through Collector Easycard and Collector Easyliving, and deposits. The Corporate segment includes factoring and corporate loans primarily to SMEs, junior property financing solutions, third party debt collection services and acquisitions of portfolios of overdue receivables. The Company has offices in Gothenburg (headquarter), Stockholm, Malmö, Helsinki and Oslo.
The information in this press release does not constitute an offer to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in Collector.
This press release may not be released, published or distributed, directly or indirectly, in or into the United States, Australia, Canada, or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.
No subscription rights, BTAs (interim shares) or new shares have or will be registered under the U.S. Securities Act of 1933, as amended, (“Securities Act”), or securities legislation in any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an available exemption from the registration requirements of the Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States.
This press release may contain forward-looking statements which reflect Collector’s current view on future events and financial and operational development. The words “intend”, “estimate”, “expect”, “may”, “plan”, “anticipate” or similar expressions regarding indications or prognoses of future developments or trends and which are not statements based on historical facts constitute forward-looking information. Although Collector believes that these statements are based on reasonable assumptions and expectations, Collector cannot give any assurances that such statements will materialize. Forward-looking statements are in its nature involved with both known and unknown risks and uncertainties, since it is depending on future events and circumstances. Forward-looking statements do not constitute any representations and warranties and the outcome could differ materially from the information set out in the forward-looking statements.
Head of IR & Communications
Lilla Bommens Torg 11
411 04 Göteborg
About Collector Bank
Collector is a listed bank that specializes in financing solutions for corporates and private individuals, with particular focus on small and medium-sized companies. Read more about Collector