The Board of Directors of Ovzon AB (publ) has resolved to carry out a capital raising of approximately SEK 504 million before transaction related costs. The capital raising is carried out via two sequential new share issues. The first is a directed share issue of approximately SEK 350 million and the second is a fully guaranteed rights issue of approximately SEK 154 million.
Both new share issues are subject to the approval by the Extraordinary General Meeting, which is scheduled to be held on 18 May 2020.
Ovzon offers a mobile broadband service via satellite combining high bandwidth satellite communication services with highly mobile terminals. The capital raising is carried out in order to strengthen the company’s financial stability and flexibility.
Carnegie Investment Bank AB is financial adviser and Baker McKenzie is legal adviser to Ovzon in connection with the capital raising. Baker McKenzie's team consists of Joakim Falkner, Ian Gulam, Johanna Flink and Stefan Balazs.