Safeture carries out a directed share issue of approximately SEK 38.6 million

PRESS RELEASE 25 January, 2021

The board of directors of Safeture AB (”Safeture” or the ”Company”) has, pursuant to the authorization granted by the annual general meeting on 4 June 2020, resolved on a directed issue of approximately SEK 38.6 million before issue costs, comprising 4,600,000 new shares at a subscription price of SEK 8.40 per share (the “Directed Issue”). The Directed Issue is made to a limited number of selected investors, including Topline Capital Partners LP. The Directed Issue entails a dilution of approximately 15.3 per cent of the number of shares and votes in the Company. In connection with the Directed Issue, the Company’s largest shareholder, Adma Förvaltnings AB, has also entered into an agreement to transfer 3,000,000 existing shares in the Company to Topline Capital Partners LP and 400,000 shares to Ninalpha AB.

The subscribers in the Directed Issue include the US-based institutional investor Topline Capital Partners LP (SEK 25.2 million), Dragfast AB (SEK 8.4 million) and Ninalpha AB (SEK 5 million). Topline Capital Partners LP is an investment management firm that invests in high-quality, growth-oriented businesses. The firm is located in Santa Monica, California. In connection with the Directed Issue, the Company’s largest shareholder, Adma Förvaltnings AB, has also entered into an agreement to transfer 3,000,000 existing shares in the Company to Topline Capital Partners LP at a price per share equal to the subscription price in the Directed Issue. Following the Directed Issue and the share transfer, Adma Förvaltnings AB will continue to be the largest shareholder in Safeture with 13,062,049 shares (corresponding to approximately 43.4 per cent of the total number of shares and votes in the Company) and Topline Capital Partners LP will be the second largest shareholder with 6,000,000 shares (corresponding to approximately 19.9 per cent of the total number of shares and votes in the Company).

Safeture intends to use the issue proceeds from the Directed Issue primarily to strengthen Safeture’s all employee safety approach by additional investments in the platform and the SaaS organization, speeding up the international expansion by adding more headcounts to marketing, sales, post-sales team and strengthen the partner approach, both for international sales partners within the security industry and for technology/integration partners to the platform.

I am very pleased to secure this investment and I see it as a solid proof of our strategy and performance, says Magnus Hultman, CEO of Safeture.

I am impressed by the quality of Safeture's business and the clarity of the management’s vision for growth. I am delighted to provide capital to support that vision and join the Company as a long-term, supportive shareholder”, says Collin McBirney, Founder and Managing Partner of Topline Capital Partners LP.

I am proud that the Company has succeeded in broadening its shareholder base with a number of long-term and well-financed investors and especially in attracting a strategically important US tech fund in Topline Capital Partners LP that will support Safeture in its continued expansion in the US and the rest of the world”, says Semmy Rülf, chairman of the board of directors of Safeture.

The Directed Issue comprises 4,600,000 new shares at a subscription price of SEK 8.40 per share, which means that the Company will receive gross proceeds of approximately SEK 38.6 million before issue costs. The subscription price has been determined by the Company’s board of directors following negotiations with the investors and corresponds to a discount of approximately 4.8 per cent of the closing price for the Company’s share on 25 January 2021. The assessment by the board of directors is that the subscription price is on market terms under current industry and market conditions.

The reasons for the deviation from the shareholders' preferential rights are to broaden the shareholder base by adding new owners of strategic importance to the Company. At the same time, the Company is provided with working capital at a lower cost and through a quicker process compared to a rights issue, which collectively and with sufficient strength indicate that it is in the Company’s and the shareholders’ interest to carry out a new issue with deviation from the shareholders’ preferential rights.

Through the Directed Issue, the number of outstanding shares and votes in the Company will increase with 4,600,000 from 25,513,110 to 30,113,110. The share capital will increase with SEK 368,000 from SEK 2,041,048.80 to SEK 2,409,048.80. Payment for the newly issued shares shall be made in cash no later than 2 February 2021. The Directed Issue entails a dilution of approximately 15.3 percent of the number of shares and votes in the Company for shareholders who are not participating in the Directed Issue.

For additional information, visit safeture.com or contact:

Safeture CEO Magnus Hultman: +46 706 00 81 66. Magnus.hultman@safeture.com 

This information is such information as Safeture AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 25 January 2021 at [21:45] CET.

About Safeture

Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden. The Company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps companies and organizations to protect what matters most – their employees. Safeture corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes. The Safeture share is listed on Nasdaq First North Growth Market (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: certifiedadviser@penser.se.

 About Us

Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden.The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps companies and organizations to protect what matters most – their employees. Safeture corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes. The Safeture share is listed on NASDAQ First North Growth Market Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: certifiedadviser@penser.se