ASTG publishes prospectus relating to the rights issue
The prospectus, relating to the rights issue Advanced Stabilized Technologies Group AB ("ASTG") has today on November 28 2019 been approved and registered by the Swedish Financial Supervisory Authority.
Terms in short for the rights issue
One share of series A and B, held on the record date November 27, 2019, entitles the subscription for one new B share at a price of SE 2,94. The issue comprises a maximum of 12,807,110 B shares. At the above mentioned subscription price, the issue may bring proceeds of a maximum of SEK 37,652,903 at full subscription, before transaction costs. When fully subscribed for a new share issue, the share capital can increase by a maximum of SEK 876,902.19.
The subscription period commences on November 29 and ends on December 13, 2019.
The issue is covered by underwriters up to 70 percent of the maximum proceeds, as well as by subscription commitments.
For further information on the rights issue, please see the published prospectus.
November 28, 2019
FOR MORE INFORMATION CONTACT:
Carsten Drachmann, CEO
Email: [email protected]
Phone: +44-7444 475949
This information is provided from ASTG AB in accordance with the EU Market Abuse Regulation (MAR). The information was submitted for publication on November 28, 2019 at 13.15 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.
About Advanced Stabilized Technologies Group AB
ASTG includes the wholly owned subsidiary AIMS AB.
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.
KebNi AB (publ) receives an order for Drive Away Antenna Systems with a total value of 183 915 EUR (approx. 1,9 MSEK)
KebNi AB (publ) receives first order for its coming inertial sensing product family SensAItion ahead of official release
KebNi anlitar Johan Hårdén för förvärvsexpansion.
KEBNI recruits Johan Hårdén as advisor for pre-expansion plan.
KebNi spänner bågen
Under årets tredje kvartal har KebNi tagit avstamp mot framtiden. Parallellt med leveranser till vår kund i Israel och därmed ett stabiliserat kassaflöde, samt ytterligare fokus på försäljningsarbete med fler kundbesök och offertleveranser, så har ett intensivt strategiarbete pågått under kvartalet. I det arbetet har vi sett stora möjligheter och nu stakat ut vägen för att nå dem. KebNi har som plan att växa både organiskt och genom förvärv. Av affärsplanens organiska del framgår det att KebNi har målsättningen att:
Växa SATCOM snabbare än den adresserbara marknaden de närmaste 5 åren (Marknadstillväxt SatCom Maritime ~20% and Land ~4%).
Inertial Sensing och SATCOM kommer att vara lika stora produktområden år 2025.
Ambitionen är att uppnå positivt rörelseresultat under andra halvåret 2023, och uppnå positivt kassaflöde under 2024
KebNi tightens the arc.
During the third quarter of the year, KebNi took its starting point in the future. In parallel with deliveries to our customer in Israel and thus a stabilized cash flow, as well as further focus on sales work with more customer visits and quotation deliveries, intensive strategy work has been done during the quarter. Within that work, we have seen great opportunities and have paved the way to reach them. KebNi plans to grow both organically and through acquisitions. The organic part of the business plan states that KebNi aims to:
- Grow SATCOM faster than the addressable market over the next 5 years (Market growth SatCom Maritime ~ 20% and Land ~ 4%).
- Inertial Sensing and SATCOM will be equal product areas in 2025.
- The ambition is to achieve a positive operating profit during the second half of 2023, and to achieve a positive cash flow during 2024
KebNi AB (publ) has signed a Distribution and Framework Agreement with a new customer in Turkey for Satmission' s Drive-Away Antenna Systems. The customer has communicated an estimated three-year sales forecast of approximately 9 MEUR (approx. 90 MSEK). An initial sample order has been placed, with the value of 92 493 EUR (approx. 920 KSEK).
KebNi AB (publ) receives two orders for Drive Away Antenna Systems with a total order value of 96 800 EUR (approximately 970 KSEK)
KebNi AB (publ) receives an order for Drive Away Antenna Systems with an order value of EUR 297 352 (approximately MSEK 2.9)
KebNi lämnar in en patentansökan för ett personsäkerhetssystem baserat på sin expertis att mäta rörelser
KebNi files a patent application in support of a personal safety use-case based on Inertial Sensing expertise