The TC TECH share
TC TECH Sweden AB (publ), with corporate registration number 556852-1883, has its statutory seat in Karlshamn. TC TECH is a public limited liability company governed by the Swedish Companies Act (2005:551). TC TECH’s shares are affiliated to Euroclear (denomination TCT, ISIN-code SE0007603170). As of 30 November 2015, the TC TECH share is listed on Nasdaq First North.
November 3, 2015
New share issue in TC TECH in connection with the planned listing on Nasdaq First North
TC TECH Sweden AB (publ) develops production technology for the screen industry – advanced systems that make it possible to produce screens that are thinner, better and energy-saving. TC TECH is now entering its commercialization phase, having recently secured its first order from a client in Taiwan. To finance its continued expansion TC TECH is now offering a new share issue amounting to SEK 29.8 million, and has applied for a listing on Nasdaq First North.
TC TECH has developed systems for the production of advanced plastic components. The company’s technology is based on an IPR-protected induction technique that makes it possible to heat and cool material, rapidly and with great exactitude. To begin with, TC TECH has chosen to focus on systems for the production of so-called Light Guide Plates (LGP) for screens and displays. An LGP is a plastic plate or film that directs and scatters light out the front.
TC TECH is now entering the commercialization phase, having recently landed its first order for a production system from a customer in Taiwan. The company’s ambition is to secure orders for 10 additional systems in 2016, from the Asian screen industry.
Background and purpose
TC TECH’s technology is based on ten years of dedicated R&D. In the past few years, the company has developed production systems that have met with strong interest in the screen industry. TC TECH has well established contacts with the leading manufacturers of screens and screen components, and the company recently landed its first order from a customer in Taiwan.
To pursue the planned commercialization and expansion, and to secure the operating capital needed when sales volumes grow in 2016, TC TECH now needs to strengthen its financial position. The planned new issue will result in a capital contribution of SEK 29.8 million before transaction costs, which will secure the financial strength needed for TC TECH to establish itself on the international market. Cornerstone investors (including the company’s Board of Directors and Management) have already guaranteed SEK 21.1 million of the issue.
In combination with the pending listing on Nasdaq First North, the new share issue will provide market depth for the TC TECH share. The listing ensures access to the stock market, thus paving the way for future capital contributions that might be prompted by rapid growth and expansion. The listing further provides TC TECH with new shareholders who may, over time, contribute to the company’s growth and diversification. The pending listing is also expected to benefit TC TECH’s relations with partners, employees, suppliers, and – in particular – its future customers.
The offer in summary
|Issue price:||SEK 8.50 per share|
|Minimum block of shares:||600 shares, or SEK 5,100|
|Subscription period:||November 4 to 19, 2015|
|Press release after end of subscription:||November 24, 2015|
|Settlement day:||November 27, 2015|
|Expected first day of trading:||November 30, 2015|
|Number of shares offered:||3,500,000|
|Total issue:||SEK 29.7 million|
|Company value (pre-money):||SEK 55.9 million|
Following the offer, the number of shares will increase by a maximum of 3,500,000 shares; from 6,571,550 to 10,071,550 shares. The new share issue corresponds to 34.8 per cent of the share capital and number of votes. The share capital will increase by a maximum of SEK 280,000, up to SEK 805,724. TC TECH has applied for a listing on Nasdaq First North (Stockholm), the first day of trading scheduled for November 30, 2015.
TC TECH has appointed Erik Penser Bankaktiebolag its financial adviser, issuing institution and Certified Adviser for the new share issue and the ensuing listing on Nasdaq First North. As legal adviser has been appointed the commercial law firm Delphi in Malmö.
A complete prospectus, subscription forms etc. are available on TC TECH’s website – although in Swedish only.
About TC TECH
TC TECH develops production technology based on an innovative and IPR-protected induction technique, ideal for the production of advanced plastic components. To begin with, TC TECH has chosen to focus on the manufacture of Light Guide Plates, LGP, used in the production of screens and displays to direct and scatter light out the front. TC TECH supplies turnkey systems for the screen industry – systems that make it possible to produce thinner screens with superior image resolution and lower energy consumption.
Tel: +46(0)706 19 57 63
TC TECH has appointed Erik Penser Bank as its Certified Adviser. Erik Penser Bank is not a shareholder of TC TECH.
Erik Penser Bank (publ)
SE-103 91 STOCKHOLM
Tel: +46(0) 8 463 80 00