Rights issue 2022
The Board of Securitas AB (publ) resolved, by virtue of the authorization from the AGM on May 5, 2022, on a share issue with preferential rights for Securitas’ shareholders. The purpose of the rights issue was to use the net proceeds from the rights issue to repay a part of the bridge facilities provided for the acquisition of STANLEY Security.
The rights issue in brief
- Rights issue of MSEK 9,583 before deduction of issue costs.
- Shareholders who chose not to participate in the rights issue had their ownership diluted by up to 36 percent, but had the possibility to compensate themselves financially for the dilution by selling their subscription rights.
- The subscription period (subscription through payment) took place during the period from and including September 22, 2022, up to and including October 11, 2022.
- The subscription price in the rights issue was set at SEK 46 per share.
- Those who on the record date September 20, 2022, were registered as shareholders in Securitas and were eligible to participate in the rights issue could subscribe for four (4) new shares of class A for each seven (7) existing shares of class A and four (4) new shares of class B for each seven (7) existing shares of class B.
- The record date for the right to participate in the rights issue was September 20, 2022. The last day of trading in Securitas’ shares inclusive of the right to participate in the rights issue was September 16, 2022.
- The subscription rights of class B was traded on Nasdaq Stockholm during the period September 22–October 6, 2022.
The complete terms for the rights issue and information regarding Securitas was presented in the prospectus regarding the rights issue, which was published September 16, 2022 (see below under “Documents”).
For further information on the background and reasons for the rights issue, please see Securitas’ press release dated December 8, 2021.
Indicative timetable for the rights issue in brief
Event | Date |
Last day of trading in Securitas’ shares of class B inclusive of the right to participate in the rights issue | September 16, 2022 |
Estimated date for publication of the prospectus | September 16, 2022 |
First day of trading in Securitas’ shares of class B exclusive of the right to participate in the rights issue | September 19, 2022 |
Record date for participation in the rights issue | September 20, 2022 |
Trading in subscription rights | September 22–October 6, 2022 |
Subscription period | September 22–October 11, 2022 |
Announcement of the preliminary outcome of the rights issue | October 13, 2022 |
Announcement of the final outcome of the rights issue | October 14, 2022 |
Final outcome of the rights issue
The final outcome of the rights issue showed that 206,212,455 shares, corresponding to approximately 99.0 percent of the offered shares, were subscribed for with subscription rights. The remaining 2,121,200 shares have been allotted to those who have subscribed for shares without subscription rights. The rights issue is therefore fully subscribed and Securitas will from the rights issue receive proceeds of approximately MSEK 9,583 before the deduction of transaction costs.