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Alimak Group rights issue fully subscribed

April 5, 2017

Alimak Group AB’s (publ) (“Alimak” or the “Company”) share issue with preferential rights for the Company’s shareholders has been fully subscribed. The subscription period for the rights issue ended on 31 March 2017. In the rights issue, 10,824,460 shares, corresponding to approximately 99.9 percent of the offered shares, have been subscribed for with subscription rights. In addition, applications for subscription without subscription rights of 4,634,008 shares have been received, corresponding to approximately 42.8 percent of the offered shares. The rights issue has thereby been oversubscribed. Through the rights issue, Alimak will receive proceeds amounting to approximately SEK 791 million before issue costs.

Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus published on 13 March 2017. Notification regarding allotment of shares to subscribers who have been allotted shares without subscription rights are expected to be distributed on 6 April 2017. Subscribed and allotted shares shall be paid in cash at the latest on the settlement day, 11 April 2017, in accordance with the instructions on the settlement note. Nominee registered shareholders will receive notification regarding allotment of shares in accordance with the respective nominee’s procedures. Only those who are allotted shares will be notified.

Through the rights issue Alimak’s share capital will increase by SEK 216,631.44 from SEK 866,525.78 to SEK 1,083,157.22 and the total number of shares will increase by 10,831,572 shares from 43,326,289 shares to 54,157,861 shares, when the rights issue has been registered by the Swedish Companies Registration Office.

The new shares subscribed for with subscription rights are expected to start trading on Nasdaq Stockholm on Tuesday 11 April 2017. New shares subscribed for without exercise of subscription rights are expected to start trading on Nasdaq Stockholm on Thursday 20 April 2017.

Advisors

Handelsbanken Capital Markets is acting as financial advisor and Hannes Snellman Attorneys is acting as legal advisor to Alimak in relation to the rights issue.

For further information, contact:

Per Ekstedt, CFO, Phone +46 8 402 14 57

Sofia Wretman, Head of Communications & IR, Phone: +46 8 402 14 41

This information is information that Alimak Group AB 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 18:00 CET on 5 April 2017. 

About Alimak Group

Alimak Group is a world-leading provider of vertical access solutions for industrial and construction industries. With presence in more than 100 countries, Alimak develops, manufactures, sells and provides service to vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. The Group´s products and solutions are sold under the brands Alimak Hek, CoxGomyl, Manntech and Avanti. Alimak has an installed base of more than 60,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948 Alimak has its headquarters in Stockholm, 12 manufacturing facilities in 8 countries and 2,400 employees around the world. www.alimakgroup.com

Important notice

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Alimak. Any invitation to the persons concerned to subscribe for shares in Alimak will only be made through the prospectus which Alimak published on 13 March 2017.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Japan, Canada, the United States or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.

The subscription rights, paid subscribed shares and shares in Alimak have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no subscription rights, paid subscribed shares or shares may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States.

The securities referred to herein have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

This press release contains certain forward-looking information that reflects Alimak’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.

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