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Arla Plast publishes prospectus and announces price for its initial public offering on Nasdaq Stockholm

On 7 May 2021, Arla Plast AB (“Arla Plast” or the “Company”), a leading European producer of extruded plastic sheets in polycarbonate (PC), announced its intention to list its shares on Nasdaq Stockholm (the “Listing” or the “Offering”). Today, Arla Plast publishes its prospectus and announces the price for the Offering. The first day of trading is expected to be 25 May 2021. Svolder AB (publ), Nortal Investments AB¹) and RoosGruppen AB have, subject to customary conditions, undertaken to acquire shares in the Offering for a total amount of SEK 230m.

The offering in brief:

• The final price in the Offering is set to SEK 46 per share (the “Subscription price”), corresponding to a market value for all outstanding shares of SEK 920m
• The Offering will comprise 9,000,000 existing shares in the Company sold by Synnersten Invest AB (“the Selling Shareholder”), which represent 45 percent of the capital and votes in the Company.
• In order to cover any over-allotments in relation to the Offering, the Selling Shareholder have committed to sell additional shares corresponding to maximum 15 percent of the total number of shares in the Offering (the “Over-Allotment Option”), corresponding to 1,350,000 shares
• Provided that the Over-Allotment Option is exercised in full the Offering will comprise 10,350,000 shares, which represent approximately 52 percent of the shares and votes in the Company.
• Provided that the Offering is fully subscribed, the total value of the Offering will amount to SEK 414m and approximately SEK 476m if the Over-Allotment Option is exercised in full.
• Svolder AB (publ), Nortal Investments AB¹⁾ and RoosGruppen AB have, subject to customary conditions, undertaken to acquire shares in the Offering for a total amount of SEK 230m. The undertakings represent 25 percent of the outstanding shares in the Company, and approximately 48 percent of the shares in the Offering assuming that the Over-Allotment Option is exercised in full.
• The shares will be offered to the general public in Sweden and to institutional investors in Sweden and internationally.
• The application period for the general public in Sweden is expected to be 17–24 May 2021.
• The application period for institutional investors is expected to be 17–24 May 2021.
• The first day of trading on Nasdaq Stockholm is expected to be 25 May 2021 and the shares will trade under the trading symbol APG.
• A prospectus (in Swedish with an English translation), containing the Offering’s complete terms and conditions, will be published today on Arla Plast’s website (www.arlaplastgroup.com), Nordnet's website (www.nordnet.se), Carnegie's website (www.carnegie.se) and the Swedish Financial Supervisory Authority’s website (www.fi.se).

Background and reasons for the listing of shares and the Offering

Arla Plast's board of directors and management, together with the Selling Shareholder, believe that the time is right for the Company to take the next step and broaden the Company's shareholder base through the Listing. The board and management see the Listing as a logical and important step in Arla Plast's development in order to be able to take advantage of growth opportunities and increase awareness of Arla Plast and its operations.

About Arla Plast

Arla Plast is a producer and supplier of extruded sheets made of technical plastics. The plastic sheets are made of polycarbonate (“PC”), acrylonitrile butadiene styrene (“ABS”) and polyethylene terephthalate glycol (“PETG”), with a large number of areas of application, including safety products, machine glazing, ice hockey rinks, greenhouses, pool covers, sound walls, protective barriers, suitcases, automotive components and various other construction-related areas of application. The Company was founded in 1969 and is headquartered in Borensberg, Sweden. Production takes place at three production facilities located in Borensberg and in Kadaň and Pelhřimov in the Czech Republic. As of March 31, 2021, Arla Plast had 266 full-time employees.

Prospectus and application

A prospectus (in Swedish with an English translation), containing the Offering’s complete terms and conditions, will be published today on Arla Plast’s website (www.arlaplastgroup.com), Nordnet's website (www.nordnet.se), Carnegie's website (www.carnegie.se) and the Swedish Financial Supervisory Authority’s website (www.fi.se).

Preliminary timetable

Stabilization measures

In connection with the Offering and the listing on Nasdaq Stockholm, Carnegie Investment Bank AB (publ) (“Carnegie”) may, to the extent permitted by Swedish law, enter into transactions to stabilize, maintain or otherwise affect the price of the Company’s shares for up to 30 days after the first day of trading in the Company’s shares on Nasdaq Stockholm. Carnegie may effectuate transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the open market. Carnegie has no obligation to undertake any stabilization measures and there is no assurance that stabilization measures will be undertaken. Under no circumstances will transactions be conducted at a price higher than the one set in the Offering.

Stabilization transactions can be carried out on all types of stock markets, OTC markets or by other means. Carnegie may use the Over-Allotment Option to over-allot shares in order to facilitate stabilization transactions. If the stabilization transactions are conducted, they may be discontinued at any time without prior notice, but must be discontinued no later than within the aforementioned 30-day period. Carnegie must, no later than by the end of the seventh trading day after stabilization transactions have been undertaken, in accordance with article 5(4) of the Market Abuse Regulation (EU) 596/2014, disclose that stabilization measures have been undertaken.

Within one week of the end of the stabilization period, Carnegie will disclose whether or not stabilization was undertaken, the date on which stabilization started, the date on which stabilization was last carried out, as well as the price range within which stabilization was carried out for each of the dates when stabilization measures were conducted.

Advisers

Carnegie is Sole Global Coordinator and Bookrunner. Törngren Magnell & Partners Advokatfirma KB is legal advisor to the Company. Advokatfirman Schjødt is legal advisor to Carnegie. TJB Partners AB is independent financial advisor to the Selling Shareholder and the Board of Directors.

For further information please contact:

Boel Sundvall, IR
Tel: +46 705 60 60 18
Email: boel.sundvall@arlaplast.com
Website: www.arlaplastgroup.com

The information was submitted for publication, through the agency of the contact person set out above, at 12:00 p.m. CEST on 14 May 2021.