BE Group’s rights issue oversubscribed The new share

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News Desk 2018

Mar 13, 2014 at 9:30 AM

BE Group’s rights issue oversubscribed

The new share issue in BE Group with preferential rights for the company’s share -holders, for which the subscription period ended on 7 March 2014, has been oversubscribed. 99.1 per cent of the shares offered have been subscribed for with subscription rights and 0.9 per cent of the shares offered have been allocated to persons who have notified a wish to subscribe for additional shares in addition to what they subscribed for with subscription rights. In total, such notifications have been received corresponding to 70 per cent of the shares offered. Hence, the rights issue guarantee undertakings have not been made use of. Allocation of shares that were subscribed for without subscription rights has been made in accordance with the principles outlined in the prospectus that has been prepared in connection with the rights issue and that was published on 18 February 2014, i.e. in proportion to the number of exercised subscription rights. Notification regarding such allocation will within short be sent to those who have been allocated shares. "We are pleased to note the great interest in our rights issue", says Kimmo Väkiparta, President and CEO of BE Group. Through the rights issue, BE Group receives SEK 160.7 million before deduction of transaction costs. The share capital will increase by SEK 50.5 million from SEK 102.0 million to SEK 152.5 million and the number of shares will increase by 24,728,128 from 50,000,000 shares to 74,728,128 shares when the rights issue has been registered with the Swedish Companies Registration Office. Trading in the new shares on NASDAQ OMX Stockholm is expected to commence around 1 April 2014. For further information, please contact: Kimmo Väkiparta, President and CEO tel.: +46 (0)705 972 342 e-mail: kimmo.vakiparta@begroup.com Torbjörn Clementz, CFO and Executive Vice President tel.: +46 (0)708 690 788 e -mail: torbjorn.clementz@begroup.com BE Group, listed on the NASDAQ OMX Stockholm exchange, is a trading and service company in steel and other metals. BE Group provides various forms of service for steel, stainless steel and aluminium applications to customers primarily in the construction and engineering sectors. In 2013, the Group reported sales of SEK 4.0 Bn. BE Group has approximately 800 employees, with Sweden and Finland as its largest markets. The head office is located in Malmö, Sweden. Read more about BE Group at www.begroup.com Important information This press release may not be released, published or distributed, directly or indirectly in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore or South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws. No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, sold or transferred, directly or indirectly within the United States, other than pursuant to an exemption from the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States.

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