Pressmeddelanden

ÅAC publishes prospectus and invites to investor presentations

The prospectus that ÅAC Microtec AB (publ) ("ÅAC" or "the Company") has prepared in connection with the new share issue of approximately SEK 82.5 million with preferential rights for ÅAC's shareholders (the "Rights Issue") has today been approved and registered by the Swedish Financial Supervisory Authority ("Finansinspektionen"). On account of the Rights Issue, ÅAC invites to investor meetings on Thursday, May 23, and Tuesday, May 28, 2019.

NOT FOR DISTRIBUTION, PUBLICATION OR PUBLIC RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO, THE US, CANADA, AUSTRALIA, JAPAN, HONG KONG, SWITZERLAND, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE THE PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE MAY BE ILLEGAL OR WOULD REQUIRE REGISTRATION OR OTHER ACTION OTHER THAN REQUIRED FOLLOWING SWEDISH LAW. ADDITIONAL RESTRICTIONS ARE APPLICABLE, SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Prospectus

The prospectus that ÅAC has prepared in connection with the upcoming Rights Issue has today been approved and registered with the Finansinspektionen. The prospectus, containing full terms and instructions, as well as a summarizing folder and application forms, can be obtained from ÅAC and Erik Penser Bank and will be kept available on ÅAC's website (www.aacmicrotec.com) and on Erik Penser Bank's website (www.penser.se). The prospectus will also be available on Finansinspektionen's website (www.fi.se). Summary folder will be sent by mail to ÅAC's direct and nominee registered shareholders in connection with the commencement of the subscription period.

Invitation to investor meetings

On account of the Rights Issue, ÅAC will present the Company's operations and future plans on May 23, 2019 at 5 pm at Erik Penser Bank, Apelbergsgatan 27 in Stockholm. Registration to attend must be submitted to Erik Penser Bank via e-mail to bolagsdag@penser.se. The Company will also present at Småbolagsjakten Live, May 28, 2019 at Grev Turegatan 30 in Stockholm. Registration must be made via investerarbrevet.se. Please note that the number of seats are limited.

Summary of the Rights Issue

Shareholders in ÅAC receive one (1) subscription right per share held on the record date, May 15, 2019.
Five (5) subscription rights entitle to subscription of two (2) new shares in ÅAC.
The subscription price is SEK 3.00 per share.
At full subscription, ÅAC will receive approximately SEK 82.5 million before issue costs.
Subscription period is May 20 - June 3, 2019.
Trading in subscription rights takes place during the period May 20 - May 29, 2019.

The company has received subscription commitments from an existing shareholder and a new investor of SEK 23.5 million, corresponding to 28.6 percent of the Rights Issue. The new investor receives subscription rights free of charge from a couple of the Company's major shareholders and has undertaken to subscribe for SEK 22.6 million, corresponding to 27.4 percent, in the Rights Issue. In addition, the company has received underwriting guarantees from existing and external investors of SEK 44.0 million, corresponding to 53.4 percent. Total subscription commitments and underwriting guarantees amount to SEK 67.5 million, corresponding to 81.9 percent.

Advisors

Erik Penser Bank AB is financial advisor and Setterwalls Advokatbyrå AB is legal advisor to ÅAC in connection with the Rights Issue.

2019-05-17

FOR MORE INFORMATION:

Please visit: www.aacmicrotec.com and www.clyde.space or contact:
CFO Mats Thideman, investor@aacmicrotec.com
Chairman of the Board Rolf Hallencreutz, investor@aacmicrotec.com

ABOUT ÅAC MICROTEC AB

ÅAC Microtec, and its subsidiary Clyde Space, offer a full turnkey mission service from design to on-orbit operations including reliable platforms in the range of 1 to 50 Kg; customizable to suit our customers' requirements. Their end-to-end service package enables our customers to reach their mission goals with a single, trusted point of contact. In addition, they supply a full range of subsystems for cube satellites and small satellites.  The company has offices in Sweden, the UK and USA.

Certified Adviser

ÅAC's share is admitted to trading on Nasdaq First North Premier. The company's Certified Adviser is G&W Fondkommission, e-mail ca@gwkapital.se, telephone 08-503 000 50.

Important information

The information in this press release does not constitute an offer or solicitation to acquire, subscribe or otherwise trade in shares or other securities in ÅAC. No action has been taken and no measures will be taken to allow an offer to the public in any other jurisdictions other than Sweden. Invitation to the persons concerned to subscribe for shares in ÅAC will only take place through the prospectus that ÅAC plans to publish on 17 May 2019.

The information in this press release may not be published, published or distributed, directly or indirectly, within or to the United States (including its territories and provinces, any US state, District of Columbia) ("USA"), Canada, Australia, Japan, Hong Kong, Switzerland, New Zealand, Singapore, South Africa or any other jurisdiction where such action would be illegal, is subject to legal restrictions or require action other than those of Swedish law. Measures contrary to this instruction may constitute a violation of applicable securities legislation.

No shares or other securities in ÅAC have been registered, and no shares or other securities will be registered, according to the United States Securities Act of 1933 (US Securities Act) or the securities law of any state or other jurisdiction in the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except in accordance with an applicable exception to, or in a transaction not covered by, the US registration requirements The Securities Act and in accordance with the securities law of the relevant state or other jurisdiction in the United States.

04 september 2019
Regulatorisk

För att öka insynen och underlätta förståelsen för hur verksamheten utvecklas har AAC Clyde Space beslutat att inkludera orderstocken i kvartalsrapporteringen.

22 augusti 2019
Regulatorisk

Andra kvartalet, april - juni 2019 (jämfört med april - juni 2018)

  • Nettoomsättningen uppgick till 16,7 (22,1) MSEK
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -7,7 (-5,8) MSEK. EBITDA exklusive valutakursförluster uppgick till -5,2 (-5,8) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -10,8 (-10,0) MSEK
  • Resultat efter skatt uppgick till -11,0 (-10,0) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,14 (-0,15) SEK
  • Kassaflödet från den löpande verksamheten uppgick till -3,6 (-14,6) MSEK
13 augusti 2019
Regulatorisk

AAC Clyde Space har ingått avtal om analystjänsten Penser Access med Erik Penser Bank. Den första analysen publiceras då Erik Penser är klar med genomgången av AAC Clyde Space.

10 juni 2019
Regulatorisk

ÅAC Microtec AB ÅAC Microtec AB:s (publ) ("ÅAC" eller "Bolaget") nyemission med företrädesrätt för aktieägarna ("Företrädesemissionen") har avslutats. Intresset var stort och sammanlagt tecknades Företrädesemissionen till 139 procent. Bolaget tillförs därmed 82,5 MSEK före emissionskostnader.

03 juni 2019
Regulatorisk

ÅAC Microtec har utsett MID Co Ltd som ny distributör på den sydkoreanska marknaden. MID Co. Ltd bildades 2018 av ett sydkoreanskt team som har lång erfarenhet inom rymdindustrin. Distributionsavtalet omfattar alla AAC Clyde Space produkter och syftar till att tillgodose behoven av delsystem och plattformar till den växande sydkoreanska kubsatellit- och småsatellitmarknaden.

31 maj 2019
Regulatorisk

ÅAC Microtec ABs dotterbolag, Clyde Space, har levererat sin första 6U kubsatellit, NSLSat-1, för uppskjutning. Denna banbrytande kommunikationssatellit är en del av "space-as-a-service"-kontraktet med NSLComm där AAC Clyde Space designar, tillverkar, skjuter upp och driftar satelliten för NSLComms vägnar. Syftet med missionen är att revolutionera kommunikationsnätverket i rymden med ett innovativt, högpresterande, utfällningsbart antenn- och reflektorsystem. Satelliten är avsedd att vara den första i en framtida konstellation av cirka 80 satelliter.

23 maj 2019
Regulatorisk

ÅAC Mictrotec medverkar i den första skotsk-irländska förbindelsen i rymden genom att Clyde Space, Skottlands största rymdbolag och dotterbolag till ÅAC Microtec AB, ingår avtal med University College Dublin. Avtalet, som har ett mindre värde, innebär att Clyde Space tillhandahåller delsystemen till plattformen för Irlands första satellit, EIRSAT-1, som är en 2Us kubsatellit. EIRSAT-1 är ett samarbetsprojekt som utvecklats av studenter och anställda på universitetet och kommer att innehålla ny irländsk teknik. EIRSAT-1 är planerad att skjutas upp 2020.

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IR-kontakt

Mats Thideman CFO och vice VD
+46 70-556 09 73 mats.thideman@aacmicrotec.com

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