MyFC’s rights issue oversubscribed

At the extraordinary general meeting of myFC Holding AB ("myFC") on May 9, 2018, a new issue of shares with preferential rights for the shareholders was decided and, in the event of a transfer, an over delivery by a separate directed issue without preference.

The rights issue was limited to a maximum of 25,011,709 shares and the overdraft space was limited to 8,330,000 shares. The issue price was SEK 3 per share. Three shares entitled to the subscription of two new shares. The subscription period, with and without preferential rights, lasted from May 23 to June 11 2018.

The rights offering is now successfully completed. A total of 32,307,523 shares were subscribed to, of which 22,621,928 with preferential rights (under subscription rights) and 9,685,595 without preferential rights. That means the new issue was subscribed at approximately 129.2 percent and that there is no need to claim subscriptions from the guarantee consortium.

Due to the oversubscription, the Board has decided to utilize the available oversubscription space for a separate directed issue of 7,295,814 shares. All those who have subscribed for shares in the rights issue will therefore receive full allocation.

“We are already hard at work implementing our revised strategy, and now well equipped to continue our intensified efforts towards the market needs we have identified in regard to battery-powered mobile devices and electric vehicles," said Björn Westerholm, CEO of myFC.

“I am very pleased that the rights issue was oversubscribed and that we can use the oversubscription issue. We extend gratitude toward our owners, not least our institutional owners, for their continued confidence in us," said Jörgen Lantto, Chairman of the Board of MyFC.

The new issue will generate approximately SEK 96.9 million for myFC, before issue costs. Registration of the issue is expected to take place approximately three weeks after the complete subscription payment has been received. After registration of the new issue, the number of shares in myFC will amount to a total of 69,825,087.

Slight adjustments in the above number of shares and amounts may occur after final settlement.

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:55 CET on 12 June 2018.

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