STENOCARE A/S new share issue significantly oversubscribed
Copenhagen, 12 October 2018
On October 9, 2018, the subscription period of STENOCARE A/S (“STENOCARE”) new share issue of a maximum of approx. DKK 18.6 million prior to listing on Spotlight Stock Market (“Spotlight”) was completed.
STENOCARE received subscription for a total of approx. DKK 402 million, including subscription commitments, from a total of 11,812 subscribers.
This corresponds to a total subscription ratio of approx. 2,161 percent, and a subscription ratio of the public part of the share issue, i.e. the part that was not pre-subscribed, of approx. 5,281 percent.
Through the new share issue, STENOCARE will receive approx. 2,100 new shareholders.
Due to the extensive interest, allotment takes place by random selection (i.e. lottery) in accordance with the allocation principles stated in the memorandum.
The shares (excl. the shares subscribed by pre-subscribers who are guaranteed full allocation) will be distributed in minimum portions of 400 shares to a total of approx. 2,100 new shareholders out of the total number of subscribers of 11,812 who subscribed in the new share issue.
This way, the maximum number of new shares, 2,113,000 in total, will be issued, and STENOCARE will receive DKK 18,594,400 before costs related to the issue of approximately DKK 1.4 million.
Please read the full press release by STENOCARE HERE.