HKScan Corporation’s
Public Offering of Shares

DISCLAIMER – IMPORTANT

THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

The information contained herein and on the pages that follow does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities in any jurisdiction in which such offers or sales are unlawful. The securities referred to herein and on the pages that follow (the ”Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ”U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act.

With respect to the member states of the European Economic Area (the ”EEA”), other than Finland, which have implemented Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading (the ”Prospectus Directive”) (each, a ”Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of the Securities requiring a publication of a prospectus in any Relevant Member State. As a consequence, the Securities may only be sold in any Relevant Member State pursuant to an exemption under the Prospectus Directive. In member states other than Finland, this portion of the website is directed only at persons in member states of the EEA who are ”qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (”Qualified Investors”).

This website and the information contained herein are directed solely at persons (i) who are outside the United Kingdom, (ii) who have professional experience in matters relating to investments and who fall within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the ”Order”), or (iii) who are high net worth entities and other persons to whom such website and the information contained herein may otherwise lawfully be made falling within Article 49(2)(A) to (D) of the Order (all such persons together being referred to as ”Relevant Persons”). This website and the information contained herein must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this website and the information contained herein relate is available only to Relevant Persons and will be engaged in only with Relevant Persons.

Access to the information and documents contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorised to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Confirmation:

By proceeding to view the materials to which this gatepost gives access, you confirm that you (1) have read and understood the information set out above, (2) agree to be bound by the terms set out above, (3) are permitted under applicable law and regulation to proceed to the following parts of this website, (4) agree that you will not transmit or otherwise send any information contained in this website to any person in the United States or to publications with a general circulation in the United States, and you:

(a) are resident and physically present outside the United States;

(b) are (i) resident in Finland or (ii) a Qualified Investor resident in any other member state of the EEA (a Relevant Jurisdiction); and

(c) are not resident or physically present in the United Kingdom, unless you are a Relevant Person.

(d) are not resident or physically present in Australia, Canada, Hong Kong, Japan, Singapore or South Africa

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.

 

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
Announcement of the final results of the offering 17 June 2019
Trading with the new shares commenced on the official list of the Helsinki Stock Exchange 26 June 2019