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Wednesday, 29 November 2017

GWS Production AB: Humle Småbolagsfond invests SEK 5.2 million in a private placement in GWS Production

GWS Production AB    

Published: 08:45 CET 29-11-2017 /GlobeNewswire /Source: GWS Production AB / : GWS /ISIN: SE0006117297

GWS Production AB: Humle Småbolagsfond invests SEK 5.2 million in a private placement in GWS Production

The board of directors of GWS Production AB ("GWS") has, pursuant to the authorization from the extraordinary general meeting held on 27 June 2017, resolved to issue 1,580,000 new shares in GWS to Humle Småbolagsfond at a subscription price of SEK 3.29 per share.

ABG Sundal Collier has been financial adviser in connection with the new issue.

 

The subscription price for each new share was set to SEK 3.29 by the board of directors of GWS and corresponds to the volume-weighted average price (VWAP) during the period 8 November 2017 to 24 November 2017 for GWS' share on Nasdaq First North. Compared to the closing price on 28 November 2017, the subscription price constitutes a discount of 4 percent. Through the investment, GWS raises approximately SEK 5.2 million before issue expenses.

 

The rationale for carrying out the new issue is to raise working capital.

 

The number of shares and votes in GWS will be increased with 1,580,000 from 14,365,407 to 15,945,407. The shares issued in the placement correspond to approximately 9.91 per cent of the share capital and votes in GWS. Payment of the shares issued shall occur no later than on 1st  December 2017 and will be made in cash. The board of directors of GWS retains the right to extend the payment period at its discretion.

 

  • This shows that the interest in our company is significant, including major investors, comments Andreas Rodman, CEO, GWS.
  • The issue of shares gives us even greater power and ability to continue the successful development of the company and create long-term stability through the investment from professional financial institutes.

 

The reason for deviating from the shareholders' preferential rights is to broaden the shareholder base, and with a directed share issue means lower costs and a faster process which altogether with sufficient strength indicates that it is in the Company's and the shareholders' interest that the issue is made with deviation from the shareholders' preferential rights.

 

For further information, please contact GWS CEO Andreas Rodman: + 46 (0)708- 10 13 16 andreas.rodman@globalwarningsystem.com

 

 

About GWS Production AB and Safeture

Global Warning System (GWS) offers a mobile-based personal security service (Safeture) to companies and consumers to protect employees, family members and individuals when they travel abroad.

The Company was founded in 2009, triggered by the experience of the global SARS epidemic, the Indian Ocean tsunami and the Mumbai terror attacks, where peoples lives could have been saved with early warning or received more information. GWS vision is to prevent damages by providing correct information in real-time.

 

The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Adviser.

This information is information that GWS Production AB (publ) 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 set out above, at 08:45 CET on 29 November 2017.

 



Press Release Humle-171129



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: GWS Production AB, Ideon Gateway, Scheelevägen 27, Lund 22363, Sweden
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