Aspocomp has carried out a Directed Share Issue and agreed on new long-term financing arrangement to secure growth
Globenewswire·2025-10-30 19:50

Core Viewpoint - Aspocomp Group Plc has executed a Directed Share Issue and established a new long-term financing arrangement to support growth and enhance its balance sheet [1][2]. Group 1: Directed Share Issue - The Directed Share Issue involves 673,682 shares, accounting for approximately 9.84% of all issued shares prior to the issue and about 8.96% post-issue [4]. - The subscription price for the shares is set at EUR 4.75, reflecting a discount of around 5% from the closing share price of EUR 5.00 on October 30, 2025 [5]. - The gross cash proceeds from the share issue are estimated to be approximately EUR 3.2 million before costs [5]. Group 2: Financing Arrangement - Aspocomp has secured long-term loans totaling EUR 5.5 million as part of a coordinated debt financing package with LähiTapiola and Nordea Bank Finland [2]. - The financing package includes secured senior debt instruments and is intended to complement existing financing agreements [2]. Group 3: Use of Proceeds - The funds raised from the Directed Share Issue will primarily be allocated to expanding the throughput capacity and production quality of the Oulu plant in Finland [9]. Group 4: Rationale for the Directed Share Issue - The Board of Directors assessed various financing options and concluded that the Directed Share Issue is the most favorable alternative for the company and its shareholders, considering the urgency of capital needs and business development [11]. - The Board determined that deviating from shareholders' pre-emptive rights was justified due to significant costs and uncertainties associated with other financing methods [11]. Group 5: Market Position and Growth - The CEO of Aspocomp stated that the company is entering a growth phase with strong market momentum, and the Directed Share Issue is crucial for increasing capacity and improving quality and availability [3].