28 May 2015

Gernandt & Danielsson advises in Volati’s issue of preference shares and listing

Volati AB (publ) have today carried out a capital increase in the approximate total amount SEK 850M through new issue of preference shares to be listed on Nasdaq First North Premier. First day of trading is expected to 8 June 2015.

The capital increase of approximately SEK 850M, consists of one new share issue to the public in Sweden and institutional investors of approximately SEK 700M and one share issue to the company's current majority shareholder, Karl Perlhagen, of approximately SEK 150M. The original issue offer to the public and institutional investors were approximately SEK 500M, but the board of directors had reserved to right to increase such offer with SEK 200M, which was also done.
Nordea Bank AB (publ) has acted sole manager and bookrunner and Avanza Bank AB have acted retail selling agent and is certified adviser for the company.
Gernandt & Danielsson has acted as legal adviser in connection with the capital increase and listing on Nasdaq First North Premier. The Gernandt & Danielsson team has consisted of Partner Mikael Borg, Senior Associate Björn Svensson (financing), Senior Associate Corinne Ekman, Associate Gabriel Zsiga, Associate Helén Landenberg, Associate Erik Svärd and Associate Jeanette Jönsson.