Pressmeddelanden

AAC Microtec executes directed new issue of SEK 50 million

The Board of Directors of ÅAC Microtec Group AB ("AAC" or the "Company") has, subject to approval by a general meeting with the shareholders, and as indicated in the press release published on 21st December 2017, resolved to issue 6 535 948 new shares at the price of SEK 7,65 per share. The price was established through a so called "accelerated book-building" procedure led by G&W Capital ("G&W"). The new share issue was directed to a limited number of Swedish professional investors.

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL

The reasons for the deviation from the shareholders' preferential rights was mainly to bring new shareholders into the Company and at the same time strengthen the Company's financial position.

The proceeds from the directed new issue are intended to finance accelerated expansion, nearby acquisition opportunities and development of AAC, its market and its products.

The directed new issue will result in gross proceeds to the Company of MSEK 50 (before transaction related costs). It is the board of directors' opinion that the transaction promotes AAC's possibilities to create further value for all shareholders. None of the investors are part of the board or management of the Company or otherwise closely related to the Company.

The subscription price of SEK 7,65 for the new shares implies a discount of 8,9 percent based on the volume weighted average price of AAC's shares on Nasdaq First North during the ten (10) trading days up to and including the date of the signing of the share purchase agreement (i.e. the day of this announcement). The subscription price for the share is based on the accelerated book-building procedure led by G&W on 21st December 2017 and AAC has thereby ensured that the subscription price corresponds to fair market standards.

The new shares will be admitted to trading on Nasdaq First North following approval by the general meeting of the shareholders, payment and registration.

The Company today has a share capital of SEK 1,268,394 divided between a total number of 31,709,850 shares. The new share issue will entail a dilution for the current shareholders of approximately 17 per cent calculated by dividing the number of new shares and votes with the total number of shares and votes in the Company after registration of the new shares.

Advisers

G&W acts as Sole Lead Manager and Bookrunner in connection with the directed new issue. Setterwalls Advokatbyrå acts as legal adviser to AAC.

21st December 2017 

For more information, please contact:

Mr. Rolf Hallencreutz, Chairman of AAC Microtec AB
rolf.hallencreutz@aacmicrotec.com

The information in this press release is such that ÅAC Microtec AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 22:00 CET on 21st December 2017.

About AAC

AAC provides high value space solutions and systems for commercial, governmental and educational customers on the global market through its direct sales and marketing with representation in Europe and the USA as well as a partner network in Japan and South Korea.

The company has a rare ability to produce advanced satellite platforms, sub-systems and components with robust electronics at a competitive price. AAC has a strong competitive advantage in that it operates with ITAR-free products in the high-end segment of the small satellite market. The products are flight-proven and has strong heritage.

Today, AAC supplies a wide range of end-users with state-of-the-art microelectronics systems plus technology services and support. Customers include the European Space Agency (ESA), NASA, the US Air Force Research Laboratories (AFRL), JAXA, the Swedish National Space Board (SNSB) and Swedish Defence Materiel Administration (FMV), as well as leading industrial groups now using our aerospace compliant devices in innovative products and applications.

AAC is a publicly listed company on Nasdaq First North in Sweden. Major owners include Swedish Government-backed VC-firm Fouriertransform, RP Ventures, and other institutional investors.

IMPORTANT INFORMATION

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

This announcement is not and does not form a part of any offer for sale of securities. Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Hong Kong, Japan, Canada, Switzerland, South Africa or New Zealand or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

This announcement is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States or any other jurisdiction. Any securities that may be issued in connection with the transactions referred to in this announcement will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly will not be offered or sold in the United States.

This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive").

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "will," "may," "continue," "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although ÅAC Microtec AB believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this announcement by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.

2019-03-18
Regulatorisk

ÅAC Microtec:s dotterbolag Clyde Space har utsetts av polska KP Labs att tillhandahålla uppskjutningen av Intuition-1 - missionen. Ordervärdet uppgår till 0,4 MGBP (ca 5 MSEK).

2019-03-18
Regulatory

ÅAC Microtec AB's subsidiary, Clyde Space, has been selected by Polish KP Labs to provide launch for the mission Intuition-1. The order value is 0.4 MGBP (approx. 5 MSEK).

2019-03-04
Regulatorisk

ÅAC Microtec AB:s dotterbolag, Clyde Space, har valts av KP Labs för att leverera en 6U-satellit till missionen Intuition-1. Ordervärdet uppgår till 0,5 MGBP (cirka 6,1 MSEK).

2019-03-04
Regulatory

ÅAC Microtec AB's subsidiary, Clyde Space, has been selected by KP Labs to deliver a 6U satellite for the mission Intuition-1. The order value is 0.5 MGBP (approx. 6.1 MSEK).

2019-02-21
Regulatorisk

ÅAC VISAR POSITIVT EBITDA FÖR FJÄRDE KVARTALET 2018 OCH ÖVERTRÄFFAR OMSÄTTNINGSPROGNOS FÖR HELÅRET

Fjärde kvartalet, oktober - december 2018 (jämfört med oktober - december 2017)

  • Nettoomsättningen uppgick till 29,0 (2,2) MSEK, inklusive royalty på 4,1 MSEK
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till 3,4 (-7,3) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till 0,3 (-9,3) MSEK. Avskrivningar av övriga vid förvärvet av Clyde Space identifierade immateriella tillgångar uppgick till 1,3 MSEK
  • Resultat efter skatt uppgår till 0,4 (-9,3) MSEK
  • Resultat per aktie före och efter utspädning uppgick till 0,01 (-0,29) SEK

Helåret 2018 (jämfört med helåret 2017)

  • Totala intäkterna överträffade prognosen med 2,7 MSEK och uppgår till 87,7 MSEK
  • Nettoomsättningen uppgick till 77,9 (13,3) MSEK. Clyde Space Ltd, som förvärvades 30 januari 2018, ingår i omsättning och resultat från och med februari, dvs med 11 månader under perioden januari till december
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -28,5 (-21,4) MSEK. Rörelse-resultatet är belastat med förvärvskostnader från förvärvet av Clyde Space om 8,8 MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -43,3 (-27,2) MSEK. Avskrivningar av övriga vid förvärvet av Clyde Space identifierade immateriella tillgångar uppgick till 4,9 MSEK
  • Resultat efter skatt uppgår till -42,6 (-27,3) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,65 (-0,86) SEK
2019-02-21
Regulatorisk

VD Alfonso Barreiro lämnar VD-posten i rymdföretaget ÅAC Microtec. CFO och vice VD Mats Thideman utses nu till tf VD och bildar tillsammans med CSO Craig Clark ett executive team som ska leda bolaget fram till att en ny VD är på plats. Styrelsen inleder omgående rekryteringen av en ny VD.

2019-02-21
Regulatory

Alfonso Barreiro leaves the position of CEO in the space company ÅAC Microtec. CFO and vice CEO Mats Thideman is now appointed acting CEO and forms an executive team together with CSO Craig Clark to lead the company until a new CEO is in place. The Board of Directors immediately starts recruiting a new CEO.

2018-12-17
Regulatorisk

ÅAC Microtec har idag lagt upp en Q&A-sektion på hemsidan där de vanligaste frågorna från investerare besvaras i utförligaste mån, se: http://investor.aacmicrotec.com/ och välj Q&A.

2018-12-04
Regulatorisk

ÅAC och dess partners har genom uppskjutningen av den banbrytande kubsatelliten SeaHawk-1 förflyttat frontlinjen för småsatelliter. ÅAC Microtecs dotterbolag Clyde Space har utvecklat och byggt SeaHawk-1, den första av två satelliter som ska levereras för SeaHawk-uppdraget. Den lyckade uppskjutningen av SeaHawk-1 skedde igår från SpaceX Falcon 9 som sköts upp från Vandenberg Spaceport i Kalifornien på SSO-A SmallSat Express. AAC Clyde har från sin markstation i Glasgow upprättat kontakt med SeaHawk-1 och konstaterat att satellitens alla system fungerar som planerat.

2018-12-04
Regulatory

Small satellite experts at AAC Clyde and its partners have redefined the art of the possible with the launch of their latest cutting-edge CubeSat, SeaHawk-1. Clyde Space, part of the AAC Clyde, designed and built SeaHawk-1 the first of two satellites to be delivered for the SeaHawk demonstration mission. SeaHawk-1 was successfully launched yesterday on the SpaceX Falcon 9 launch vehicle from the Vandenberg Spaceport in California yesterday on SSO-A SmallSat Express. AAC Clyde has since made contact with SeaHawk-1 from their Glasgow based ground station, all spacecraft systems performing as planned.

2018-11-22
Regulatorisk

Tredje kvartalet, juli - september 2018 (jämfört med juli - september 2017)

  • Nettoomsättningen uppgick till 10,4 (2,3) MSEK.
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -13,8 (-5,2) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -17,9 (-6,4) MSEK. Avskrivningar av övriga vid förvärvet av Clyde Space identifierade immateriella tillgångar uppgick till 1,3 MSEK
  • Resultat efter skatt uppgår till -17,9 (-6,4) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,26 (-0,20) SEK

Nio månader, januari - september 2018 (jämfört med januari - september 2017)

  • Nettoomsättningen uppgick till 48,9 (11,0) MSEK. Clyde Space Ltd, som förvärvades 31 januari 2018, ingår i omsättning och resultat från och med februari, dvs med 8 månader under perioden januari till september
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -31,9 (-14,1) MSEK. Rörelse-resultatet är belastat med förvärvskostnader från förvärvet av Clyde Space om 8,8 MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -43,6 (-17,9) MSEK. Avskrivningar av övriga vid förvärvet av Clyde Space identifierade immateriella tillgångar uppgick till 3,6 MSEK
  • Resultat efter skatt uppgår till -43,1 (-18,0) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,67 (-0,57) SEK
2018-11-21
Regulatorisk

ÅAC går över till redovisning enligt IFRS. Delårsrapporten för det tredje kvartalet 2018 blir ÅAC:s första delårsrapport som upprättas enligt IFRS. Jämförelsetal har räknats om sedan koncernens tidpunkt för övergång till IFRS den 1 januari 2017. Övergången till IFRS har genomförts för att anpassa koncernen till kraven för notering på Nasdaq First North Premier och i slutändan på Nasdaq Stockholm.

2018-11-21
Regulatory

ÅAC Microtec will adopt to IFRS accounting principles. The interim report for the third quarter of 2018 will be ÅAC's first interim report, prepared in accordance with IFRS. Comparative figures for the Group under IFRS have been calculated from 1 January 2017. The transition to IFRS has been implemented to adapt the Group to the requirements for listing on Nasdaq First North Premier and ultimately at Nasdaq Stockholm.

2018-11-12
Regulatorisk

ÅAC Microtec AB ÅAC har ingått ett avtal med Mauritius forskningsråd, Mauritius Research Council (MRC, mrc.org.mu) för att formalisera samarbetet kring en 1U-satellit samt missionstjänster till den banbrytande missionen Mauritian Infrared Satellite (MIR- SAT1). ÅAC ska leverera en fullt integrerad 1U-satellit samt ett brett tjänsteprogram som inkluderar utbildning, leverans av markstation och driftsstöd. Ordervärdet uppgår till 320 000 GBP (ca 3,8 MSEK) och ska levereras under 2019.

2018-11-12
Regulatory

ÅAC Microtec AB ÅAC and the Mauritius Research Council, MRC (mrc.org.mu), have signed a contract to formalize the collaboration to deliver a 1U CubeSat and mission services for their pioneering Mauritian Infrared Satellite (MIR-SAT1) mission. The company will supply a fully integrated 1U CubeSat alongside a comprehensive mission service which includes, training, ground station delivery and operations support. The contract value amounts to £325,000 (approx. 3.8 MSEK) and will be delivered during 2019.

2018-08-31
Regulatorisk

ÅAC vinner order på ett kraftdelsystem för en helt ny rymdapplikation. Kraftdelsystemet ska levereras under 2019 och ordervärdet uppgår till ca 5,2 MSEK.

2018-08-31
Regulatory

ÅAC wins an order for the supply of a power subsystem to be utilized in a new application. The power subsystem will be delivered during 2019 and order value is approximately 5.2 MSEK.

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