Born has acted as legal adviser to the listed company Catena AB (publ) in connection with its directed share issue. Through the issue, the company is issuing just under 5.5 million new shares, raising proceeds of SEK 3,056 million.
The proceeds are intended to support Catena’s continued growth by capitalising on attractive acquisition opportunities and supporting its ongoing development portfolio and potential new project initiatives, including sustainable energy projects.
The share issue was carried out through an accelerated bookbuilding process, at a modest discount of 0.2 percent compared to the volume-weighted average share price over the ten trading days preceding the transaction. The issue was subscribed for by institutional investors and results in a dilution effect of approximately 9.09 percent based on the total number of shares in Catena following the issue.