GomSpace evaluates the possibility to carry out a private placement

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4/5/2017


GomSpace evaluates the possibility to carry out a private placement
This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. See also section IMPORTANT INFORMATION below.
GS Sweden AB (publ) (the “Company” or “GomSpace”), parent company of GomSpace ApS, intends to carry out a private placement of up to 1.75 million new shares.

With support from the authorization granted by the extraordinary general meeting held on April 28, 2016, the board of directors has engaged Carnegie Investment Bank AB (publ) to evaluate the possibility to carry out a private placement of up to 1.75 million new shares through a so called “accelerated book-building” procedure. The reasons for the deviation from the shareholders’ preferential rights are mainly to bring institutional shareholders into the Company and at the same time strengthen the Company’s financial position in a short timeframe. The potential proceeds from the private placement are intended to be used to finance and facilitate accelerated expansion, nearby acquisition opportunities and development of GomSpace, its market and its products.

Advisers
Carnegie Investment Bank AB (publ) is acting as financial advisor and Setterwalls Advokatbyrå acts as legal advisor in connection with the private placement. 
For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com
About GS Sweden AB
The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.

Miscellaneus
This information is information that GS Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person(s) set out above, at 17:31 CET on April 5, 2017.

Important information                    
Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.
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http://mb.cision.com/Main/14387/2231472/653785.pdf
 

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