SIBS AB (publ) (the "Company") hereby informs that as of 11 May 2025 it has obtained approximately SEK 300 million in subscription undertakings from existing and new investors for its upcoming rights issue to be resolved upon at the annual general meeting on 2 June 2025.
The annual general meeting is proposed to resolve, among other things, upon (i) a rights issue of a maximum of 350 million new shares and (ii) an authorization for the board of directors to resolve upon issues of shares and/or warrants and/or convertibles on one or more occasions before the next annual general meeting, with or without deviation from the shareholders' preferential rights. The Company intends to use the authorization to potentially raise up to SEK 150 million from external investors.
Additionally, at the time of this press release, shareholders amounting to approximately 87% of the shares and votes in the Company have given pre-approval to support the rights issue and authorization resolutions at the general meeting.
The Company also intends to convert its existing convertible loan provided by certain existing shareholders into shares on or around the annual general meeting.
For more information, please contact:
Johan Dufvenmark, CFO/IR Contact
jd@sibs.se
+46 70-597 43 75
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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 10.30 pm CEST on 11 May 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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