NOVESTRA’S NEW SHARE ISSUE SUBSTANTIALLY OVER-SUBSCRIBED
AB Novestra’s preferential rights issue, concluded on October 17, 2003, was fully subscribed and substantially over-subscribed by investors seeking to subscribe with subsidiary subscription rights. The issue provides Novestra with approximately MSEK 54 before transaction costs. Application forms for subscription of shares were received totalling an amount corresponding to approximately MSEK 117.
The new share issue will increase the number of shares in Novestra by 7 796 993 shares to 31 187 973 shares and, after the rights issue, the company’s share capital will amount to SEK 31 187 973. Of the newly issued shares, approximately 98 percent were subscribed for with preferential rights. The newly issued shares are expected to start being traded on the O-List of Stockholmsbörsen at the end of October 2003.
“Great interest has been shown from major as well as smaller shareholders and we have also noted that lately some additional foreign institutions have become larger shareholders. In addition to our growth portfolio, which so far this year has shown an average revenue growth of 41 percent, this capital infusion also allows us to take advantage of a number of new investment possibilities,” Novestra’s Managing Director, Peter Ekelund, says.
For further information please contact Mr Peter Ekelund, Managing Director, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent venture capital investment company with main focus on investments in companies with substantial growth possibilities or value growth potential in the U.S. and Sweden. Novestra’s portfolio of companies consists of both non-public and public companies, i.a. DCM AB, Explorica, Inc., JC AB (publ), Modul 1 Data AB (publ), MyPublisher, Inc., Netsurvey Bolinder AB, Qbranch AB and Strax Holdings, Inc. as well as the co-investment vehicle Continuum Group Ltd. Novestra’s shares are listed on the O-List of Stockholmsbörsen.
For further information regarding AB Novestra, please see www.novestra.com