Motion Display - Rights issue oversubscribed
Motion Display Scandinavia AB has completed the rights issue as decided by the Board on November 5 and approved by the Annual General Meeting held on May 11, 2015. The rights issue was oversubscribed and provides the company with approximately SEK 5 million before deducting issue expenses.
The rights issue was subscribed to approximately 57,23 percent with subscription rights and the remainder, representing approximately 42,77 percent, without subscription rights. The total applications for without subscription rights amounted to approximately 43,08 percent of the rights issue, which means that the rights issue was oversubscribed by approximately 100,31 percent. The rights issue provides Moton Display with about SEK 5 million before issue costs which are estimated to about SEK 100 thousand.
Anna Engholm, CEO of Motion Display Scandinavia AB, +46 (0) 709 79 35 04
Motion Display is the leading global manufacturer of Electronic Paper Display based Retail Signage and offers new solutions for efficient in-store-marketing. The company was founded in Uppsala, Sweden, 2005 by Erik Danielsson, former CEO of Pharmacia AB and founder of e.g. Pricer AB, global leader in ESL (Electronic Shelf Labels). www.motiondisplay.com
Additional information prior the first day of trading, May 5, 2014
The new share issue conducted in connection with the listing on AktieTorget has been fully subscribed and gives Motion Display 20.8 million SEK before issue costs.
Motion Display signs agreement with UK productivity solutions provider Herbert
Motion Display extends the subscription period to April 4
Motion Display signs agreement with ICA
Motion Display plans for listing on Aktietorget
Motion Display introduces program to a first retailer - Swedish ICA
Motion Display introduces a new platform to run its e-paper based displays.