Dec 11, 2009. /Lesprom Network/. The final outcome of Rottneros' new issue of shares shows that 886 million shares, corresponding to 98.3% of the shares offered, have been subscribed for through the exercise of subscription rights. Additional applications have been submitted to subscribe for a further 461 million shares without subscription rights. This means that the new shares issue has been oversubscribed by 49.5%, the Nordic Paper Journal reported. As the new issue has brought in more than SEK 200 million ($28.2 million), Rottneros' lending banks have converted interest-bearing liabilities corresponding to SEK 200 million ($28.2 million)into shares in Rottneros. "The fact that the new shares issue has been oversubscribed shows that our shareholders have strong faith in Rottneros. The financial and operational restructuring of the company that has now been implemented, has given us a Rottneros with a more efficient structure for production in addition to a considerably stronger balance sheet,” said Ole Terland, President of Rottneros. ”We can now launch an investment program at Vallvik mill, which will improve our competitiveness by increasing the production of both pulp and green energy, while a cost-effective solution has been found for the required environmental investment,” Terland continued. The new issues will increase Rottneros' equity by SEK 405 million ($57 million) after issue expenses. Rottneros' interest-bearing liabilities will decrease by SEK 280 million ($40 million) as a consequence of the banks' conversion, an additional amortization amounting to SEK 60 million ($8.5 million), and also Nemus Holding offsetting a loan receivable within the framework of the new issue. Rottneros' share capital will increase to around SEK 153 million ($1.6 million).