VEF’s SEK 885 Shares Offering

Vinge has advised VEF.

VEF AB completed a share issue of 207,312,810 shares. The subscription price in the Directed Share Issue amounts to SEK 4.27 per share. Through the Directed Share Issue, which was substantially oversubscribed, VEF will receive proceeds amounting to approximately SEK 885 million (approx. USD 102 million) before deduction of transaction costs.

Investors in the Directed Share Issue include a number of new and existing, well-renowned Swedish and international institutions including Acacia Partners, Fidelity Management & Research Company LLC, Highclere International Investors LLP, Robeco and Swedbank Robur Fonder.

The share issue was carried out as an accelerated book building process and directed to selected Swedish and international investors.

The company intends to use the expected net proceeds from the transaction in a value-added way both inside and outside of their current portfolio.

VEF AB is an investment company whose Common Shares are listed in Sweden.

Vinge’s team consisted of Jesper Schönbeck (Picture), Joel Wahlberg and Anna Svensson.

Involved fees earner: Jesper Schönbeck – Vinge; Anna Svensson – Vinge; Joel Wahlberg – Vinge;

Law Firms: Vinge;

Clients: VEF Ltd;

Federica Tiefenthaler

Author: Federica Tiefenthaler