Institutional investors acquire 11 per cent of share capital in SWECO
Some 20 financial investors have today acquired 1,892,947 Series B shares in SWECO corresponding to 11.1 per cent of the share capital and 5.6 per cent of the votes. The buyers include both Swedish and foreign institutions. The equity placement has been managed by Hagströmer & Qviberg and Cazenove through a so-called book-building exercise.
Of the placed shares, 1,498,207 were sold by CapMan. In addition, senior executives in SWECO will sell 340,000 subscription warrants that will be utilised to subscribe for 394,740 SWECO Series B shares.
After exercise of the subscription warrants, the number of shares in SWECO will amount to 17,082,870, of which 1,877,815 Series A shares and 15,205,055 Series B shares.