Sileon announces final outcome in Rights Issue

THIS PRESS RELEASE MAY NOT BE PUBLISHED, RELEASED, OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR TO AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SOUTH AFRICA, SWITZERLAND, SINGAPORE, UNITED KINGDOM, THE UNITED STATES, OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN SILEON AB (PUBL). SEE ALSO THE SECTION “IMPORTANT INFORMATION” BELOW.

Sileon AB (publ), (“Sileon” or the “Company”), has concluded its new share issue with preferential rights for shareholders as announced on 7 September 2023 (the “Rights Issue”). The Rights Issue was secured at 100 percent, with subscription commitments accounting for approximately 35.9 percent and issue guarantees covering the remaining approximately 64.1 percent. The Rights Issue was fully subscribed at 100 percent, with approximately 66.6 percent subscribed with the support of subscription rights and approximately 5.3 percent without. Finally, 4,753,294 shares, corresponding to approximately 28.1 percent of the Rights Issue, will be subscribed by guarantors who have provided so-called issue guarantees. Those allocated shares without the support of subscription rights will soon be notified through a settlement note or via their custodian.

The subscription price in the Rights Issue was SEK 2.00 per share. Through this issue, Sileon will receive approximately MSEK 33.8 before issue costs, primarily financing ongoing commercialization activities, product development, and general working capital.

Shares and Share Capital
Through the Rights Issue, Sileon's share capital will increase by SEK 4,224,200.50, through the issue of 16,896,802 shares, amounting thereafter to SEK 12,672,601.50 distributed over 50,690,406 shares.

Trading with BTA (Paid Subscribed Shares)
Paid subscribed shares (BTA) are traded on the Nasdaq First North Growth Market under the ticker name SILEON BTA until the Rights Issue has been registered with the Swedish Companies Registration Office, which is expected to occur in week 42, 2023.

Allocation
Notifications of allocation of shares subscribed without the support of subscription rights will shortly be sent to those allocated shares via a settlement note. Nominee registered shareholders will receive notification of allocation in accordance with their respective nominee's routines. The allocation of shares subscribed without the support of subscription rights was conducted according to the principles outlined in the prospectus published on September 13, 2023.

Advisors
Erik Penser Bank AB is the financial advisor and Advokatfirman Vinge KB is the legal advisor to Sileon in connection with the Rights Issue.

For more information, please contact:
David Larsson, CEO, Sileon
Email: david.larsson@sileon.com
Phone: +46 725 502 306

The information was submitted for publication through the agency of the contact person above on 4 October 2023 at 16:00 CEST.

About Sileon
Sileon is a global fintech company that offers an innovative card-based Buy Now Pay Later (BNPL) SaaS functionality to banks, card issuers and fintechs. With Sileon's BNPL product, customers can add BNPL to their existing credit or debit card base and run their B2B or B2C BNPL business in-house. Sileon operates in a fast-growing international market with an estimated transaction volume of $680 billion globally by 2025. Sileon is listed on the Nasdaq First North Growth Market and has approximately 50 employees at its headquarters in Stockholm, Sweden. The Company's Certified Adviser is Erik Penser Bank.

Important information
The information in this press release does not constitute an offer to acquire, subscribe to, or otherwise trade in shares or other securities in Sileon. No action has been taken, or will be taken, by Sileon to permit a public offer in jurisdictions other than Sweden.

This press release may not be published or distributed, directly or indirectly, in or to Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, United Kingdom, the United States or any other jurisdiction where such action in whole or in part is subject to legal restrictions, or would require additional prospectus, registration or other measures than what follows from Swedish law. The information in this press release may also not be forwarded or reproduced in a way that is contrary to such restrictions or would entail such requirements. Actions contrary to this instruction may constitute a violation of applicable securities legislation. Neither subscription rights, paid and subscribed shares nor new shares subscribed for in the offering have been registered or will be registered under the United States Securities Act of 1933 as amended (the “Securities Act”) and may not be offered, subscribed for, exercised, pledged, sold, resold, delivered or transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act. The offer is also not directed at persons domiciled in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, United Kingdom or in any other jurisdiction where participation would require additional prospectus, registration or other measures than those that follow from Swedish law.

Forward-looking statements
This press release contains certain forward-looking statements that reflect Sileon's current views and expectations regarding future events and financial and operational developments, including statements regarding the Rights Issue and statements regarding guidance, planning, prospects and strategies. Words such as “intended,” “estimated,” “expected,” “planned,” “estimated,” “may,” and other expressions that imply indications or predictions of future developments or trends and are not based on historical facts constitute forward-looking statements information. Although Sileon believes that these statements are based on reasonable assumptions and expectations, Sileon cannot guarantee that such forward-looking statements will be realized. Because these forward-looking statements involve both known and unknown risks and uncertainties, actual outcomes may differ materially from those expressed in forward-looking information. Forward-looking statements in the press release speak only as of the date of the press release and are subject to change without notice. Potential investors should not place undue reliance on the forward-looking information contained herein, and potential investors are strongly encouraged to read those parts of the prospectus that include a more detailed description of factors that may affect the Company's business and the market in which the Company operates. The Company makes no promises to publish updates or revisions to forward-looking statements as a result of new information, future events or the like beyond what is required by applicable laws or stock market regulation.