The Board of Directors in Ovzon AB (publ) has resolved on a fully guaranteed new share issue of approximately SEK 750 million with preferential rights for the company’s existing shareholders. In connection therewith, a prospectus has been completed which has been approved and registered by the Swedish Financial Supervisory Authority.
Ovzon offers a mobile broadband service via satellite combining high bandwidth with highly mobile terminals. Ovzon is headquartered in Solna, Sweden and has offices in Tampa, FL and Bethesda, MD in the United States. The proceeds from the rights issue will primarily be used to finance the company’s own satellite – Ovzon-3.
Carnegie Investment Bank AB (publ) is financial advisor and Baker McKenzie is legal advisor to Ovzon in connection with the rights issue. Baker McKenzie's team mainly consists of Joakim Falkner, Stefan Balazs, Ian Gulam and Per Blom.