The subscription period of HKScan Corporation’s directed share issue has ended on 14 June 2019 at 16.30. Trading with the new shares commenced on the official list of the Helsinki Stock Exchange on 26 June 2019.
HKScan Corporation’s Public Offering of Shares
The subscription period of HKScan Corporation’s directed share issue has ended on 14 June 2019 at 16.30. Trading with the new shares commenced on the official list of the Helsinki Stock Exchange on 26 June 2019. The trading code of the A shares is HKSAV and the ISIN code is FI0009006308.
The company offered up to 37,500,000 new series A shares to the public. As the offering was oversubscribed, the Board of Directors of the company resolved to use the upsize option according to the terms and conditions of the offering by increasing the number of the new shares by 7,417,607 new shares. In the offering, the company issued a total of 44,917,607 new series A shares in a directed share issue in the following manner:
- 1,066,416 new shares to private individuals and legal entities in Finland (the "Public Offering")
- 43,851,191 new shares to institutional investors in the European Economic Area (the "Institutional Offering").
The subscription price for each new share was EUR 1.60 per share. The company raised gross proceeds of approximately EUR 71.9 million in the offering (including subscriptions paid by setting off the outstanding receivables based on the notes issued by the company, in accordance with the terms and conditions of the offering).
Alexander Corporate Finance acts as the lead manager and the subscription venue of the Offering www.alexander.fi/hkscan.
Important dates
| The subscription period for the offering began | 3 June 2019 at 9:30 |
| The subscription period for the offering ended | 14 June 2019 at 16:30 |
| The final results of the offering were announced | 17 June 2019 |
| Trading with the new shares commenced on the official list of the Helsinki Stock Exchange | 26 June 2019 |
HKScan CEO´s video
Tero Hemmilä, HKScan’s CEO, talks about the share issue. Watch the video here. (In Finnish)
Materials related to the offering (In Finnish)
Offering Circular (in Finnish)
Marketing Brochure (in Finnish)
Terms and conditions of the Offering (in Finnish)
Releases related to the offering
24.6.2019: New shares of HKScan Corporation registered with the Trade Register
17.6.2019: HKScan Corporation's directed share issue is oversubscribed and completed as planned
31.5.2019: HKScan commences a directed share issue and publishes a prospectus
8.5.2019: HKScan is planning a share issue to strengthen its financial position and capital structure