Bure launches share issue to raise up to SEK 1bn

The proposed share issue is subject to authorisation by existing shareholders at the company's annual general meeting, which takes place today, and a final resolution on the issue by the board of directors.

The company is aiming to raise SEK 800m-1bn (€77-96m) in gross proceeds, but the subscription price and total number of new shares issued will be determined through an accelerated bookbuilding procedure, which has already started.

Bure has appointed SEB Corporate Finance to act as the sole bookrunner for the issue.

Henrik Blomquist, CEO of Bure, said the share issue enables the company to "act on more opportunities, accelerate Bure's growth and thereby create value for all shareholders" in a time- and cost-effective manner. 

Existing shareholders the Tigerschiöld and Björkman families have confirmed their intention to remain as long-term shareholders in Bure.

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