Rights issue (DKK 65m) for Danionics
ATRIUM Partners advised Danionics
Rights issue (DKK 65m) for Danionics
Sector(s) : TMT
Date : December 2006
Advisor(s) : Atrium Partners
Advised : Capital Increase
Mid-Capital partner ATRIUM Partners advised Danionics
ATRIUM Partners acted as financial advisor to Danionics in connection with a capital increase of 50% through a rights issue at the Copenhagen Stock Exchange with gross proceeds of DKK 64.9 million.
The rights issue enabled Danionics to reacquire an ownership interest of 50% in the Chinese based battery manufacturer Danionics Asia, to contribute with additional capital to the joint venture.
The rights issue was fully subscribed, i.e. the shareholders subscribed 99.6% of the offered shares and a small number of the offered shares (0.4%) not taken up at first were subscribed by the underwriters ATRIUM Partners and the Board and Executive Management of Danionics.
ATRIUM Partners has, as Lead Manager on the rights issue, prepared and executed the issue, including communication, coordination and the drafting of the prospectus and other information materials.
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