ASTG conducts a directed rights issue that provides the company with approx. SEK 3.5 million and enters into a bridge loan agreement of approx. SEK 6.5 million with Formue Nord

The Board of Directors of ASTG AB (publ) ("ASTG" or "The Company") today decided, with the support of authorization from the Annual General Meeting on May 14, 2019, to do a directed cash rights issue of 1,750,000 B shares to Formue Nord Markedsneutral A / S ("Formue Nord"). The subscription price has been set at SEK 2.0 per share. In connection with the new rights issue, ASTG has entered into a bridge loan agreement of SEK 6.5 million with Formue Nord.

ASTG's Board of Directors has decided on a directed rights issue of 1,750,000 Class B shares to Formue Nord. The subscription price has been set at SEK 2.0 per share, which corresponds to approximately 9.1% discount compared to the volume weighted average price during the last 10 trading days prior to the announcement. Through the new issue, the Company will receive approximately SEK 3.5 million before the cost of emission. After the new issue, the total number of shares in the Company will amount to 30,861,664 and the share capital will amount to SEK 2,113,096.62. The new share issue has a dilution effect of approximately 5.7% based on the total number of shares in the Company after the new share issue. The reason for deviating from the shareholders' preferential rights is to enable the acquisition of working capital for continued market expansion in a time and cost-effective manner.

The issue proceeds are primarily intended to be used to secure the working capital of the Company's new technology acquisition from ReQuTech, which was published on April 3, 2020.

"Formue Nord has been following ASTG for a while and we are pleased to see the positive development the Company has undergone during the past 12 months. We believe ASTG is on the right track and feel confident with our investment in the Company," says Rasmus Viggers, Partner at Formue Nord.

Due to the prevailing situation with Covid-19, the Company has, in order to ensure continued development and operation, in connection with the new targeted rights issue, taken out a bridge loan of approximately SEK 6.5 million from Formue Nord. The terms of the loan are on market conditions and the loan runs for 6 months. The company sees this as a proactive risk management measure and expects to repay the loan through its operating cash flow generated by the existing order backlog.

Redeye AB has acted as financial advisor in connection with the issue.

Carsten Drachmann, CEO

e-post: carsten.drachmann@astg.se

Telefon: +45 4063 4036

ASTG includes the wholly owned subsidiary AIMS AB.

https://www.astg.se/en/

ASTG AB develops, manufactures and sells innovative 4-axes stabilizing VSAT antennas for maritime use. The company is also selling development projects based on C2SAT's antenna platform. AIMS AB develops and sells advanced inertial sensor units (IMUs) designed to measure movements in three dimensions.

The company's registered office is in Stockholm, Sweden.

The company is listed at Nordic SME stock exchange.

This information is provided from ASTG AB in accordance with the EU Market Abuse Regulation (MAR). The information was submitted for publication on April 6, 2020 at 08.30 CET, by the above contact person's authority.

For accuracy, please exclusively rely on the Swedish version. Should there be unintentional translation differences between the English and the Swedish press release, the Swedish version will take precedence.

ASTG har fått ytterligare en order från Israel

ASTG har idag fått en tilläggsorder på 326.120 USD (cirka 3,1 MSEK) från en israelisk försvarsentreprenör


ASTG has received an additional order from Israel

ASTG has today received an additional order of USD 326,120 (approx. 3.1 MSEK) from an Israeli Defence Contractor.


ASTG presenterar LIVE vid RedEye's Growth Day 2020

Carsten Drachmann, VD för ASTG, presenterar LIVE vid RedEye's Growth Day 2020


ASTG is presenting LIVE at RedEye's Growth Day 2020

Carsten Drachmann, the CEO of ASTG, is presenting LIVE at Redeye's Growth Day 2020


ASTG får ny Satmission-order från Tjeckien

ASTG får order från vår partner Elvia Pro från Tjeckien på 96k EUR


ASTG receives new Satmission order from the Czech Republic

ASTG receives order from our partner Elvia Pro from the Czech Republic of EUR 96k


Protokoll från årsstämma

Protokoll från årsstämma den 13 maj 2020, kl. 19.00 i Kista


AGM Meeting Minutes

Meeting minutes from the AGM, May 13, 2020, 7pm in Kista


ASTG får sin första Satmission-order

ASTG får order från Saudiarabien på 56k euro


ASTG receives its first Satmission order

ASTG receives order from Saudi Arabia of EUR 56k


ASTG förvärvar Satmission AB från Allgon AB

ASTG har idag tecknat ett avtal om att köpa Satmission AB från Allgon AB (noterat på Nasdaq First North Growth Market). Förvärvet, som är en del av ASTG: s strategi, ger en ytterligare produktlinje till ASTG-portföljen. Köpeskillingen består av 2,5 miljoner B-aktier i ASTG AB värderade till cirka 5 475 000 SEK. Parterna har dessutom enats om en 3-årig Earn-out-modell. Förvärvet av Satmission AB ger ASTG ytterligare en orderstock på 3,9 MSEK. Transaktionen kommer att ha ekonomisk effekt från och med 1 april 2020. Allgon AB kommer efter genomförandet av transaktionen att äga cirka 7,5% av aktierna i ASTG AB.


ASTG acquires Satmission AB from Allgon AB

ASTG has today signed an agreement to buy Satmission AB from Allgon AB (listed on Nasdaq First North Growth Market). The acquisition, which is part of ASTG's accelerate strategy, brings an additional product line to the ASTG portfolio. The purchase price consists of 2.5 million B-shares in ASTG AB valued at approx. 5 475 000 SEK. The parties have in addition agreed a 3 years Earn-out model. The acquisition of Satmission AB brings ASTG an additional order backlog of 3.9 MSEK. The transaction will have financial effect from April 1, 2020. Allgon AB will after completion of the transaction own approx. 7.5% of the shares in ASTG AB.


ASTG årsredovisning och koncernredovisning 2019

ASTG släpper sin årsredovisning och koncernredovisning för 2019 och visar en betydande förbättring från 2018 med nettoomsättning som ökade till 34,8 MSEK från 6,8 MSEK.


ASTG Annual Report and Consolidated Accounts 2019

ASTG release its Annual Report and Consolidated Accounts for 2019 showing significant improvement from 2018 with Net Sales increasing to 34.8 MSEK from 6.8 MSEK.


Delårsrapport ASTG Q1 2020

ASTG släpper rapport för första kvartalet 2020 som visar intäkter på 14,1 MSEK och EBITDA på 0,5 MSEK vilket gör det till tredje kvartalet i rad med positiv EBITDA. Begränsad påverkan från Covid-19. VD signalerar att företaget kommer att hålla fart och inte sakta ner. 3,5 MSEK i rörelsekapital anskaffat för nytt teknikförvärv, som kommer att tävla i marknadssegment med 29% CAGR.


ASTG Q1 2020 Report

ASTG release Q1 2020 report showing 14.1 MSEK revenue and EBITDA of 0.5 MSEK, making it the 3rd quarter in a row with positive EBITDA. Limited impact from Covid-19. CEO signals company will keep momentum a not slow down. 3.5 MSEK working capital raised for new technology acquisition, which will compete in market segment with 29% CAGR.


KALLELSE TILL ÅRSSTÄMMA I ADVANCED STABILIZED TECHNOLOGIES GROUP AB

Aktieägarna i Advanced Stabilized Technologies Group AB, org. nr. 556943-8442, kallas till årsstämma onsdag den 13 maj 2020 kl. 19.00 på Scandic Victoria Tower, Arne Beurlings Torg 3, 164 40 Kista.


NOTICE TO ANNUAL GENERAL MEETING IN ADVANCED STABILIZED TECHNOLOGIES GROUP AB

The shareholders of Advanced Stabilized Technologies Group AB, reg. no. 556943-8442 are hereby invited to attend the annual general meeting to be held on Wednesday 13 May 2020 19.00 CEST at Scandic Victoria Tower, Arne Beurlings Torg 3, 164 40 Kista.


ASTG genomför en riktad emission som tillför bolaget ca 3,5 MSEK och ingår avtal om brygglån om ca 6,5 MSEK med Formue Nord

Styrelsen i ASTG AB (publ) ("ASTG" eller "Bolaget") har idag beslutat, med stöd av bemyndigande från bolagsstämman den 14 maj 2019, om en riktad kontant nyemission om 1 750 000 B-aktier till Formue Nord Markedsneutral A/S ("Formue Nord"). Teckningskursen har fastställts till 2,0 SEK per aktie. I samband med nyemissionen har ASTG ingått ett avtal om brygglån om 6,5 MSEK med Formue Nord.


ASTG conducts a directed rights issue that provides the company with approx. SEK 3.5 million and enters into a bridge loan agreement of approx. SEK 6.5 million with Formue Nord

The Board of Directors of ASTG AB (publ) ("ASTG" or "The Company") today decided, with the support of authorization from the Annual General Meeting on May 14, 2019, to do a directed cash rights issue of 1,750,000 B shares to Formue Nord Markedsneutral A / S ("Formue Nord"). The subscription price has been set at SEK 2.0 per share. In connection with the new rights issue, ASTG has entered into a bridge loan agreement of SEK 6.5 million with Formue Nord.


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