The Board of AVTECH Sweden AB (publ) ("AVTECH" or the "Company") today announces an Information Memorandum ("Memorandum") in regards of the impending issue of preference shares in the Company ("the Offer").
The Memorandum, which is available through the links below, contains information in regards of the subscription commitments that the Company has received. Subscription commitments of approximately 2.6 MSEK, equivalent to about 30 percent of the Offer, have been received from all members of the Board (1 380 KSEK), all members of management (142 KSEK) and a number of other existing shareholders (1 040 KSEK).
The Memorandum is available on Mangold's homepage: http://www.mangold.se/MangoldOnline/Nyheteraspx?newsId=371&index=1, and on AVTECH's homepage www.avtech.se
Directly registered and trustee registered shareholders in AVTECH will receive a summary of the Offer and an information letter by mail during the week starting October 29, 2012.
Important dates
October 19, 2012 (today)
Last day for trading the stock, inclusive of the preferential right to participate in the preferential share issue.
October 24, 2012:
Record date to participate in the preferential share issue, i.e. shareholders who on this day are registered in AVTECH's share register will receive subscription rights for participation in the preferential share issue.
October 29 - November 9, 2012:
Trade with subscription rights at NASDAQ OMX First North.
October 29 - November 14, 2012:
Subscription period for the preferential share issue.
November 19, 2012:
Preliminary date for publication of the outcome of the preferential share issue.
Financial Advisor
Mangold Fondkommission AB is the financial advisor to AVTECH in connection to the preferential share issue.
For more information
David Alvord, CEO
Jonas Saric, CFO
Tel: +46 (0) 8 544 104 80
E-mail: david.alvord@avtech.aero/ jonas.saric@avtech.aero
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM). Its customers include the global aviation industry; e.g. airlines, airports, aviation authorities, technology companies and airline manufacturers. By using AVTECH's products and services, each individual flight as well as the entire airline operation can be optimized in terms of cost, noise and emission, efficiency, punctuality and safety. The head office is in Stockholm, Sweden with subsidiaries in Toulouse, France and Dubai, U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Thenberg & Kinde Fondkommission AB as Certified Adviser.
http://www.cisionwire.com/avtech-sweden-ab/r/avtech-publishes-information-memorandum-in-regards-of-impending-share-issue-and-information-on-recei,c9321607
http://mb.cision.com/Main/106/9321607/57065.pdf