Hansa Medical’s prospectus for the new share issue of MSEK 29 has been published
Summary of the share issue
With the aim of financing Hansa Medical’s continued product development and in order to achieve crucial development milestones, Hansa Medical’s annual meeting of shareholders resolved, on 12 May 2011, to execute a new share issue of 5,794,776 shares. Those individuals registered as shareholders on record day, 19 May 2011, are entitled to subscribe to the new shares, whereby one existing share entitles three subscription rights. Four subscription rights entitle to subscription of one new share. Hansa Medical’s largest shareowner, Bo Håkansson, through company, has committed, on the basis of a subscription commitment, to subscribe to his portion of the new share issue, equivalent to approximately 42 percent. Hansa Medical has also entered into an agreement with Bo Håkansson through company, for an issuing guarantee, equivalent to than portion of the new share issue not covered by the subscription commitment, approximately 58 percent.
Background and motivation
Hansa Medical develops innovative biopharmaceuticals and diagnostic methods in partnership with large, market-established companies, and also independently. Today there are three primary development projects underway: IdeS, anti-alpha-11 and HMD-301. The motive for the proposed new share issue is to achieve the critical and highly valuable development milestones. Hansa Medical intends to initiate clinical studies of the drug candidate, IdeS, to accomplish a registration and launch of diagnostic method HMD-301, to identify an anti-alpha.11 drug candidate appropriate for clinical development and to, possibly, bring a new and innovative research finding to the development stage.
Schedule for the new share issue
16 May 2011, Last trading day for the share with right to participate in the share issue
19 May 2011, Record day
23 May 2011, Publication of the prospectus
26 May – 14 June 2011, Subscription period
26 May – 9 June2011, Subscription rights trading
17 June 2011, Outcome published
Avanza Bank is the financial advisor and Fredersen Advokatbyrå is the legal advisor of Hansa Medical.