As announced in connection with the offering to acquire newly issued shares in the Company and the listing of the Company’s shares on Nasdaq Stockholm (the ”Offering”), Carnegie may, as stabilisation manager, carry out transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the market.
Stabilisation transactions may be effected on Nasdaq Stockholm, an OTC market or otherwise, and may be undertaken at any time during the period commencing on the first day of trading in the shares on Nasdaq Stockholm and ending no later than 30 calendar days thereafter. Carnegie has, however, no obligation to effect stabilising transactions and there is no assurance that stabilising transactions will be undertaken. Further, stabilising transactions, if undertaken, may be discontinued at any time without prior notice. In no event will transactions be effected at levels above the price in the Offering (i.e. SEK 43 per share).
Carnegie has, in its capacity as stabilisation manager, notified that stabilisation measures have been undertaken, in accordance with article 5(4) in the Market Abuse Regulation 596/2014, on Nasdaq Stockholm as specified below. The contact person at Carnegie is Magnus Andersson (tel: +46 8 5886 8800).
| Stabilisation information | |
| Issuer | Karnov Group AB (publ) |
| Securities | Shares (SE0012323715) |
| Ticker | KAR |
| Stabilisation manager | Carnegie Investment Bank AB (publ) |
| Stabilisation measures | ||||||
| Date | Quantity | Price (highest) | Price (lowest) | Price (volume weighted average) | Currency | Trading venue |
| 2019-04-25 | 182,755 | 43.00 | 42.60 | 42.9502 | SEK | Nasdaq Stockholm |
| 2019-04-26 | 51,855 | 43.00 | 43.00 | 43.0000 | SEK | Nasdaq Stockholm |
| 2019-05-02 | 29,990 | 43.00 | 43.00 | 43.0000 | SEK | Nasdaq Stockholm |
| 2019-05-03 | 80,000 | 43.00 | 43.00 | 43.0000 | SEK | Nasdaq Stockholm |
| 2019-05-06 | 14,951 | 43.00 | 43.00 | 43.0000 | SEK | Nasdaq Stockholm |
| 2019-05-07 | 63,883 | 43.00 | 42.80 | 42.9565 | SEK | Nasdaq Stockholm |
For more information, please contact:
Mats Ödman, Head of Investor Relations
Telephone: +46 708 32 09 33
Email: mats.odman@karnovgroup.com
The information was submitted for publication at 8.10 p.m. CEST on 7 May 2019.
Important information
This announcement does not constitute an offer to sell or a solicitation of any offer to buy any securities of Karnov in any jurisdiction where such offer or sale would be unlawful.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
In any member state within the European Economic Area (“EEA”), other than Sweden or Denmark, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this communication is only addressed to and is only directed to investors in that EEA member state who fulfil the criteria for exemption from the obligation to publish a prospectus, including qualified investors, within the meaning of the Prospectus Directive as implemented in each such EEA member state.
This announcement and the information contained herein are not for distribution in or into the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities described herein in the United States.
The securities described here in have also not been and will also not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in Australia, Canada or Japan. There will be no public offering of the securities described herein in Australia, Canada or Japan.
This announcement and any other materials in relation to the securities described herein are only directed to (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may be lawfully communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on information contained herein.
The offering of securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of the Prospectus Directive (together with any applicable implementing measures in any Member State). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.