SIBS AB (publ) ("SIBS") has, as previously announced, resolved at the annual general meeting to carry out a rights issue of up to SEK 350 million and authorized the board of directors to carry out additional directed issues to raise capital for SIBS. SIBS has also previously announced that it has received subscription undertakings corresponding to approximately SEK 300 million with regards to these issues.
SIBS now intends to complete the issues of shares and SIBS has received additional subscription indications, meaning that SIBS is expected to raise approximately SEK 400 million in total from the issues.
Additionally, the convertible loan agreements of SEK 150 million previously entered into will also be offset against shares in SIBS.
In total, the issues and the conversion of the loan agreements mean that SIBS's equity will increase with approximately SEK 550 million.
SIBS will use approximately SEK 225 million (corresponding to 100 million Malaysian ringgit) of the received proceeds to make a shareholder contribution to its Malaysian subsidiary Scandinavian IBS SDN. BHD.
In addition, SIBS has received an offer from holders of its existing outstanding senior bonds with ISIN SE0023112487 representing 67.5 per cent. of the outstanding nominal amount to vote in favour of a written procedure relating to that SIBS may elect to deferring the interest for the four upcoming interest periods (starting from the interest period ending on 7 October 2025) and that payment of such interest may be made in connection with the repayment of the bonds or earlier at the election of SIBS. Interest will accrue on any deferred interest. SIBS expects to announce a written procedure shortly.
The chairman of the board of directors, Henrik Ehrnrooth:
"I am deeply grateful for the confidence our existing and new investors, including bondholders, have shown in SIBS. The strength of our shareholder base enabled us to surpass the goals set for our offering. This coupled with our renewed strategic focus – concentrating on what we do best: delivering high-quality, autogenerated design and configuration of residential housing and industrial production of premium modules for these buildings – we now have a solid platform for sustainable growth and profitability."
For further information, please contact:
Erik Thomaeus
CEO, SIBS AB
et@sibs.se
+46 70-755 78 98
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This information is the kind of inside information that SIBS AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the contact person above, at 7.00 pm CEST on 30 June 2025. |
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SIBS AB was founded in 2016 and is today one of the world's leading modular building manufacturers. With a scalable capacity of up to around 6 000 homes per year, we deliver sustainable, high-quality homes adapted to local conditions. SIBS has the entire integrated value chain for industrial construction within the group – from design and configuration in its own building system, industrial production in its own factories and onsite assembly/finalization. With the help of digitalization and technology, we set a new standard in the construction industry. SIBS bond is listed on Nasdaq Stockholm. Read more at www.sibs.se.
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