CTEK Sweden AB: Exercise of the over-allotment option in the IPO of CTEK
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Carnegie Investment Bank AB (publ) and Swedbank AB (publ) (together the "Managers") have today notified CTEK AB (publ) ("CTEK" or the "Company") and the selling shareholders Altor Fund III and Faustina Ltd. (together the "Selling Shareholders") that the over-allotment option has been exercised in full and that the stabilisation period has ended.
In connection with the initial public offering of CTEK and the listing of the Company's shares on Nasdaq Stockholm on 24 September 2021 (the "Offering"), the Selling Shareholders granted the Managers an option to purchase an additional amount of 4,593,269 existing shares in CTEK from the Selling Shareholders to cover any over-allotment in connection with the Offering (the "Over-Allotment Option"), exercisable in whole or in part within 30 days after the date on which CTEK's shares commenced trading on Nasdaq Stockholm. The Over-Allotment Option has been exercised in full.
No price stabilisation activities have been carried out since the Offering, and due to the Company's share price performance Carnegie Investment Bank AB (publ) has, as stabilisation agent on behalf of the Managers, decided to end the stabilisation period.