MAGLE
MAGLE GROUP’S BOARD OF DIRECTORS HAS RESOLVED ON A RIGHTS ISSUE OF APPROX SEK 40 MILLION AND AGREED A REVISED FINANCING PACKAGE
The Board of Directors of Magle Group AB (publ) (“Magle Group”, the “Company” or the “Group”) has today resolved, subject to approval by an extraordinary general meeting (the “Extraordinary General Meeting”), on a rights issue of shares of approximately SEK 40 million (the “Rights Issue”) to strengthen the Company's balance sheet and financial flexibility, support working capital and operational efficiency in the core businesses, and enable scalable growth. The subscription price is SEK 4.50 per share. The Rights Issue is covered up to approximately 85 percent through subscription undertakings, subscription intentions and a guarantee commitment. In addition, the Company has secured bridge financing pending the completion of the Rights Issue, reached an agreement in principle with holders representing a majority of its outstanding bonds including a conditional waiver of the maintenance test until 31 December 2026, subject to the Company raising aggregate net cash of at least SEK 100 million, including the net proceeds from the Rights Issue, by 30 June 2026, and entered into amended loan agreements with PRS1 ApS (“PRS1”) and MB Holding Køge ApS (“MB Holding”). Notice to the Extraordinary General Meeting, to be held on 10 April 2026, for resolution on approval of the Rights Issue and the related party transactions relating to the amended loan agreements with PRS1 and MB Holding, will be announced through a separate press release.
