Investor presentations by CEO, André Løvestam, will be held at Carnegie’s offices in Oslo on Thursday 10th of January at 11am CET. If you would like to attend, please send an e-mail to firstname.lastname@example.org. The company will also have an investor presentation in Stockholm at Carnegie’s offices on Friday 11th of January at 3pm CET. http://zwipe.com/zwipe-announces-capital-raising-and-intention-to-apply-for-admission-to-trading-on-merkur-market/
•Total gross proceeds from the offering: Up to NOK 120 mill
•Total shares offered: Up to 6 million new shares
•Offer price: NOK 20.00 per share
•The offering consists of two tranches:
1. Tranche 1: A private placement of NOK 90 million (4.5m shares) pre-committed by large existing shareholders and certain new investors in Norway and Sweden
2. Tranche 2: A public offering of up to NOK 30 million (up to 1.5m shares) to retail investors, including existing shareholders who have not been allocated offer shares in the private placement as well as new retail investors in Norway and Sweden
•Carnegie and Redeye are acting as Joint Bookrunners
•Nordnet is acting as application office and receiving agent in connection with tranche 2 of the offering for new retail investors in Norway and Sweden
Kun retail investorer som er eksisterende aksjonærer eller eksisterende kunder av Carnegie kan tegne via Carnegie i transje 2. Øvrige nye retail investorer som ønsker å tegne i transje 2 må tegne via Nordnet.
•Start of application period: 10 January 2019 at 09:00 CET
•End of application period: 17 January 2019 at 16:30 CET
•Allocation: On or about 17 January 2019
•Settlement: Expected on or about 22 January 2019
•Delivery and first day of trading: Expected on or about 28 January 2019
Zwipe is looking to raise NOK 120m and enter Merkur markets. The company has already received pre-commitments for NOK 90m in the current placement. The subscription price is fixed at NOK 20.00.
Books open: 10th January 2019
Books close: 17th January 2019
“Zwipe aims for commercialisation of Zwipe-enabled biometric payment cards in H2 2019 followed by continued scale-up in 2020 and beyond. Long-term, Zwipe aims to deploy its secure, fast and easy-to-use biometric authentication solutions across a variety of form factors, including wearables, within several different verticals including payment, access control and government identification”
Arctic Securities are not acting as advisors. Please get in touch with your sales contact at Carnegie or Redeye in order to subscribe. If you do not know anyone, I am happy to put you in touch with relevant people at these firms.
Link to press release with full details: http://zwipe.com/zwipe-announces-capital-raising-and-intention-to-apply-for-admission-to-trading-on-merkur-market/
Entering Merkur markets will make it much easier for shareholders to buy/sell shares and will hopefully increase liquidity in the stock as well. Please read more about merkur markets here: https://www.oslobors.no/Oslo-Boers/Notering/Aksjer-egenkapitalbevis-og-retter-til-aksjer/Sammenligning-av-Oslo-Boers-Oslo-Axess-og-Merkur-Market