NYAB decided on a share issue to complete the acquisition of Dyk & Anläggning Stockholm AB

NYAB Plc
COMPANY ANNOUNCEMENT
31 May 2024 at 16:50

NYAB decided on a share issue to complete the acquisition of Dyk & Anläggning Stockholm AB

NYAB Plc has decided on the issuance of 2,334,770 new shares in the Company through a directed share issue. The share issue relates to a transaction, where NYAB has acquired all shares in Dyk & Anläggning Stockholm AB, a Swedish marine construction operator. Subscription price in the share issue was 0.48 euros per share and it was paid as an in-kind consideration with shares in Dyk & Anläggning Stockholm AB.

With the directed share issue, total number of NYAB shares increases to 712,993,008 shares, of which the new shares constitute 0.33 percent. New shares will be registered in the Finnish Trade Register and applied for trading on Nasdaq First North Growth Market Finland without delay.

With the acquisition of Dyk & Anläggning Stockholm AB, NYAB can strengthen its expertise in the growing market of marine and coastal construction, where NYAB sees good business opportunities. Agreed purchase price of the acquisition was SEK 26 million, of which 50% was paid as a cash consideration and the remaining with the directed share issue. Based on the exchange rate and NYAB’s share price at the closing of the acquisition, total value of the transaction in NYAB’s accounting is approximately EUR 2.7 million.

More information on the acquisition has been presented in NYAB’s press release that was published on 1 March 2024.