Among Bong’s Directors of the Board, Christian W Jansson, Mikael Ekdahl and Ulrika Eriksson have all kept the same number of shares as they had before the new rights issue, in total 825,246 shares.
Bong’s largest shareholder Holdham, represented in the Board of directors by Bong’s Chairman Stéphane Hamelin and Eric Joan, has through a setoff issue and participation in the new rights issue increased its holding by 48,518,662 shares to 52,850,282 shares. This represents circa 33.7% of the total number of shares in the company. Melker Schörling AB has acquired 15,301,356 new shares in the new rights issue and has thereby increased its holding to 19,126,695 shares. However, due to the increased number of shares through the setoff issues this means that the ownership goes down to circa 12.2%.
The new rights issue and the setoff issues have in total increased Bong’s equity by SEK 275 million before transaction costs. Bong has also entered into a new long-term credit agreement with its two leading banks. The agreed credit facility amounts in total to SEK 590 million with a duration of between three and five years. In addition to its normal bank financing, Bong has issued a new five-year convertible loan of SEK 75 million. The total effect of all these actions is a substantial strengthening of Bong’s financial position and a solid platform for developing the business in a positive direction.
Bong is a leading provider of specialised packaging and envelope products in Europe, offering solutions for distribution and packaging of information, advertising materials and lightweight goods.
