NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO

THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN, HONG

KONG, SWITZERLAND, SINGAPORE OR NEW ZEALAND OR ANY JURISDICTION IN WHICH THE

PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS PRESS RELEASE

DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF ZUTEC.

The board of Directors of Zutec Holding AB (publ) (“Zutec” or the “Company”) has resolved,

subject to the approval by shareholders at an Extraordinary General Meeting (the “EGM”), on

a directed new issue of 16,666,666 shares, which is expected to raise proceeds to the

Company of SEK 100 million before issue costs.

The intention to carry out the directed share issue was announced earlier today. The Board of

Directors has now resolved, subject to the approval by shareholders at an EGM, on such issue

to a number of institutional investors, including Athanase Industrial Partner (“Athanase”), FE

Fonder, Norron Asset Management and AP4, on the basis of an accelerated bookbuild

conducted by Skandinaviska Enskilda Banken. The Company intends to publish a notice

convening an EGM shortly, which is expected to be held on or around June 11, 2021.

In total, 16,666,666 new ordinary shares will be issued at a subscription price of SEK 6 per

share. Accordingly, the directed issue is expected to raise proceeds to the Company of SEK

100 million before issue costs. The subscription price of SEK 6 per share implies a discount of

around 14 per cent compared to the closing price on May 25, 2021.

“We are very pleased to welcome all new shareholders to join Zutec on our ongoing journey

towards our vision of becoming a leading player within cloud based construction software. We

are proud that such an accomplished group of investors have joined us, as we are seeking to

diversify our shareholder base through an improved mix of institutional investors, high net

worth individuals and retail investors. This funding helps us to further accelerate our growth,

both organically and through acquisitions, and to build on the strong momentum we are

enjoying. We have a well-defined plan for value creation for our shareholders that includes

acquisitions, which will be of enhanced focus following this directed share issue. ” says Gustave

Geisendorf, CEO of Zutec

The Company intends to use the proceeds from the directed share issue to finance continued

organic growth through initiatives within sales, marketing and product development, as well

as for M&A purposes.

The reasons for the deviation from the shareholders’ pre-emption rights are that the Company

shall, in a timely manner, be able to secure the Company’s capital need for the operations, as

well as broaden the ownership structure of the Company with institutional investors.

The directed share issue, if approved, will result in an increase of the number of shares in

Zutec by 16,666,666 from 46,090,618 to 62,757,284, and an increase of the share capital by

SEK 3,333,333.20 from SEK 9,218,123.60 to SEK 12,551,456.80, resulting in a dilution of

approximately 27 per cent for Zutec’s existing shareholders after the directed issue. The

directed issue is conditional upon an EGM having approved the directed issue no later than

July 1, 2021 and the capital increase having been registered by the Swedish Companies

Registration office (Sw. Bolagsverket) no later than July 15, 2021. As shares have been

subscribed by Athanase, the EGM approval requires support from shareholders representing

not less than 90 per cent of the shares and votes at the EGM.

Main shareholder Athanase, representing approximately 47 per cent of the shares and votes

in Zutec, has undertaken to vote in favour of the directed issue at the EGM and not to dispose

of any such shares prior to the EGM. Subject to customary exceptions, Athanase, management

and board members of the Company and the Company have agreed to a lock-up until the

period ending 90 days after approval at the EGM.

Skandinaviska Enskilda Banken acted as Sole Bookrunner and Eversheds Sutherland acted as

legal adviser to Zutec in connection with the directed share issue.

 

For further information, please contact

Gustave Geisendorf, CEO, Tel: +353 1 21 3565, email: gustave.geisendorf@zutec.com

This is information that Zutec Holding AB (publ) 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 May 25, 2021 at 23.23 CET.

 

About Zutec Holding AB (publ)

Zutec is a provider of cloud-based construction management software with operations in

Dublin, Abu Dhabi, London and Melbourne. Zutec’s product offering includes the Zutec

product family, CreateMaster as well as Resi-Sense. Zutec Holding AB (publ) is listed on Nasdaq

First North Growth Market and Redeye AB is the Company’s acting Certified Adviser (Tel. +46

8 121 576 90, certifiedadviser@redeye.se, www.redeye.se).

 

Important information

Publication, distribution or release of this press release may, in certain jurisdictions, be subject

to restrictions. The recipients of this press release in jurisdictions where this press release has

been published or distributed shall inform themselves of and follow such restrictions. This

press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for

any securities in the Company in any jurisdiction, neither from Zutec nor from anyone else.

This press release does not constitute or form part of an offer or solicitation to purchase or

subscribe for securities in the United States. The securities referred to herein may not be sold

in the United States absent registration or an exemption from registration under the US

Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold

within the United States absent registration or an applicable exemption from, or in a

transaction not subject to, the registration requirements of the Securities Act. There is no

intention to register any securities referred to herein in the United States or to make a public

offering of the securities in the United States. The information in this press release may not

be published, distributed or released, directly or indirectly, in whole or in part, within or into

the United States of America, Australia, Canada, Hong Kong, Israel, Japan, New Zeeland, South

Africa, Switzerland or in any other jurisdiction where such publication, distribution or release

of the information would not comply with applicable laws and regulations or would require

prospectuses, registration or any other measures than those required by Swedish law. Actions

taken in violation of this instruction may constitute a crime against applicable securities laws

and regulations.

In the United Kingdom, this document and any other materials in relation to the securities

described herein is only being distributed to, and is only directed at, and any investment or

investment activity to which this document relates is available only to, and will be engaged in

only with, “qualified investors” (within the meaning of the United Kingdom version of the EU

Prospectus Regulation (2017/1129/ EU) which is part of United Kingdom law by virtue of the

European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in

matters relating to investments who fall within the definition of “investment professionals” in

Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

(the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order

(all such persons together being referred to as “relevant persons”). In the United Kingdom,

any investment or investment activity to which this communication relates is available only to,

and will be engaged in only with, relevant persons. Persons who are not relevant persons

should not take any action on the basis of this press release and should not act or rely on it.

5.31 PM CEST / 25-May-2021 / Zutec Holding AB (SEMM:ZUTEC)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN, HONG KONG,

SWITZERLAND, SINGAPORE OR NEW ZEALAND OR ANY JURISDICTION IN WHICH THE

PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES

NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF ZUTEC.

Zutec Holding AB (publ) (“Zutec” or the “Company”) has mandated Skandinaviska Enskilda

Banken to evaluate the possibility to carry out a directed share issue of approximately SEK 80

million to institutional investors. Main shareholder Athanase Industrial Partner (“Athanase”)

has committed to subscribe for shares corresponding to a value of approximately SEK 37

million. The directed issue is conditional upon shareholder approval at an Extraordinary

General Meeting (the “EGM”), expected to be held on or around June 11, 2021, however no

later than July 1, 2021 in addition to the capital increase having been registered by the Swedish

Companies Registration office (Sw. Bolagsverket) no later than July 15, 2021.

The directed share issue is being conducted through an accelerated bookbuilding process

which will commence immediately following this announcement and may close at any time

on short notice. A further announcement will be made following the completion of the

Bookbuild and the pricing of the directed share issue.

Investors will be offered interim shares, which will be converted to new ordinary shares

following approval of the directed share issue by shareholders at an EGM. Main shareholder

Athanase, representing approximately 47 per cent of the shares and votes in Zutec, has

undertaken to vote in favour of the directed share issue at such EGM and not to dispose of

any such shares prior to the EGM. Subject to customary exceptions, Athanase, the Company,

management and board members of the Company have agreed to a lock-up until the period

ending 90 days after approval at the EGM of the new issue.

The Company intends to use the proceeds from the directed share issue to finance continued

organic growth through initiatives within sales, marketing and product development, as well

as for M&A purposes.

The reasons for the deviation from the shareholders’ pre-emption rights are that the Company

shall, in a timely manner, be able to secure the Company’s capital need for the operations, as

well as broaden the ownership structure of the Company with institutional investors.

 

For further information, please contact

Gustave Geisendorf, CEO,

Tel: +353 1 21 3565,

email: gustave.geisendorf@zutec.com

This is information that Zutec Holding AB (publ) 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 May 25, 2021 at 17:31 CET.

 

About Zutec Holding AB (publ)

Zutec is a provider of cloud-based construction management software with operations in

Dublin, Abu Dhabi, London and Melbourne. Zutec Holding AB (publ) is listed on Nasdaq First

North Growth Market and Redeye AB is the Company’s acting Certified Adviser (Tel. +46 8 121

576 90, certifiedadviser@redeye.se, www.redeye.se).

 

Important information

Publication, distribution or release of this press release may, in certain jurisdictions, be subject

to restrictions. The recipients of this press release in jurisdictions where this press release has

been published or distributed shall inform themselves of and follow such restrictions. This

press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for

any securities in the Company in any jurisdiction, neither from Zutec nor from anyone else.

This press release does not constitute or form part of an offer or solicitation to purchase or

subscribe for securities in the United States. The securities referred to herein may not be sold

in the United States absent registration or an exemption from registration under the US

Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold

within the United States absent registration or an applicable exemption from, or in a

transaction not subject to, the registration requirements of the Securities Act. There is no

intention to register any securities referred to herein in the United States or to make a public

offering of the securities in the United States. The information in this press release may not

be published, distributed or released, directly or indirectly, in whole or in part, within or into

the United States of America, Australia, Canada, Hong Kong, Israel, Japan, New Zeeland, South

Africa, Switzerland or in any other jurisdiction where such publication, distribution or release

of the information would not comply with applicable laws and regulations or would require

prospectuses, registration or any other measures than those required by Swedish law. Actions

taken in violation of this instruction may constitute a crime against applicable securities laws

and regulations.

In the United Kingdom, this document and any other materials in relation to the securities

described herein is only being distributed to, and is only directed at, and any investment or

investment activity to which this document relates is available only to, and will be engaged in

only with, “qualified investors” (within the meaning of the United Kingdom version of the EU

Prospectus Regulation (2017/1129/ EU) which is part of United Kingdom law by virtue of the

European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in

matters relating to investments who fall within the definition of “investment professionals” in

Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

(the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order

(all such persons together being referred to as “relevant persons”). In the United Kingdom,

any investment or investment activity to which this communication relates is available only to,

and will be engaged in only with, relevant persons. Persons who are not relevant persons

should not take any action on the basis of this press release and should not act or rely on it.

Dublin, Ireland, 22 April 2021 – Zutec Holding AB (publ) (“Zutec” or the “Company”) today announced that Board member Brian McGuire has at his own request chosen to resign from the board of directors to spend more time with his family and other interests. Brian McGuire founded Zutec back in 1999 and has had a fundamental role in the company. The Board thanks him for his solid work efforts.

Brian resigns with immediate effect after which the Board will consist of four members. The selection of his replacement will take place at the next Annual General Meeting.

 

For more information, please contact:

Mikael Näsström, Chairman of the Board of Zutec, + 46 766 11 36 23.

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565.

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne. Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Redeye AB is the Company’s acting Certified Adviser (Tel. +46 8 121 576 90, certifiedadviser@redeye.se www.redeye.se).

Dublin, Ireland, 30 November 2020 –Zutec Holding AB (publ) (“Zutec”) today announced that it has signed a SEK2.6M agreement with ITX 360 (PVT) LTD (“ITX”) for the Bandaranaike International Airport (BIA) Phase II. The agreement is initially for a period of 4 years and consists of almost 75% software revenues for the provision of whole Zutec integrated cloud-based software platform.

“We are pleased to be working with Taisei and ITX on the construction of this important infrastructure project. Taisei and ITX will be using the entire Zutec platform on this construction project including Zutec Cloud, Zutec Field and Zutec BIM in addition to our powerful analytics tool Zutec Analytics. We are seeing governments throughout the world accelerating their spend on infrastructure projects. Zutec has a long history of providing construction software solutions to airports and this project is a testament to our strong track-record in the construction of airports globally, which remains a key focus area of growth for Zutec. This agreement comes on the back of other recent infrastructure successes including the Midfield terminal in Abu Dhabi, the National Children’s hospital in Dublin and the HS2 project in the U.K. Our pipeline also for infrastructure projects is looking increasingly strong and we are pleased with the momentum in both our Enterprise and Infrastructure businesses.”, says Gustave Geisendorf, CEO of Zutec.

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

About Zutec
Zutec is a provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 15 February 2021 –Zutec Holding AB (publ) (“Zutec”) has entered into an agreement with Redeye AB regarding Certified Adviser services. Redeye AB will be appointed as Certified Adviser on the 15th of February 2021.

 

For more information, please contact:

Gustave Geisendorf, Chief Executive Officer
E-mail: gustave.geisendorf@zutec.com
Telephone: +353 1 201 3565

Certified Adviser
Mangold Fondkommisssion AB
E-mail: ca@skmg.se
Telephone: +46 7 075 595 51

Certified Adviser (starting on the 15th of February 2021)
Redeye AB
E-mail: certifiedadviser@redeye.se
Telephone: +46 8 121 576 90

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 15 February 2021 –Zutec Holding AB (publ) (“Zutec”) has entered into an agreement with Redeye AB regarding Certified Adviser services. Redeye AB will be appointed as Certified Adviser on the 15th of February 2021.

 

For more information, please contact:

Gustave Geisendorf, Chief Executive Officer
E-mail: gustave.geisendorf@zutec.com
Telephone: +353 1 201 3565

Certified Adviser
Mangold Fondkommisssion AB
E-mail: ca@skmg.se
Telephone: +46 7 075 595 51

Certified Adviser (starting on the 15th of February 2021)
Redeye AB
E-mail: certifiedadviser@redeye.se
Telephone: +46 8 121 576 90

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 15 February 2021 –Zutec Holding AB (publ) (“Zutec”) has entered into an agreement with Redeye AB regarding Certified Adviser services. Redeye AB will be appointed as Certified Adviser on the 15th of February 2021.

 

For more information, please contact:

Gustave Geisendorf, Chief Executive Officer
E-mail: gustave.geisendorf@zutec.com
Telephone: +353 1 201 3565

Certified Adviser
Mangold Fondkommisssion AB
E-mail: ca@skmg.se
Telephone: +46 7 075 595 51

Certified Adviser (starting on the 15th of February 2021)
Redeye AB
E-mail: certifiedadviser@redeye.se
Telephone: +46 8 121 576 90

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 25 November 2020 –Zutec Holding AB (publ) (“Zutec”) today announced that it has signed a 3 year framework agreement with Quitain Development Ireland LTD (“Quintain Ireland”).  Quintain Ireland is the third largest residential mixed-use developer in Ireland with a landbank that can accommodate over 9,000 residential units and almost 95,000 square metres of commercial space. The contact includes that Quintain Ireland intends to use Zutec’s platform on all of its construction projects.

“We are pleased extend our relationship with Quintain. This contract is in line with our strategy of going from project based SaaS towards agreements of working with our customers on all of their construction projects. Quintain will be using our platform throughout the construction phase starting in the design phase all the way towards the handover phase using Zutec as a CDE. This means that Quintain will benefit from having one integrated platform for all its data collection from drawings, working process to manuals and documentation as well as being able to capitalize on our Analytics function allowing Quintain to make data driven decision based on real time data.”, says Gustave Geisendorf, CEO of Zutec.

 

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

 

About Zutec

Zutec is a provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 15 February 2021 –Zutec Holding AB (publ) (“Zutec”) has entered into an agreement with Redeye AB regarding Certified Adviser services. Redeye AB will be appointed as Certified Adviser on the 15th of February 2021.

 

For more information, please contact:

Gustave Geisendorf, Chief Executive Officer
E-mail: gustave.geisendorf@zutec.com
Telephone: +353 1 201 3565

Certified Adviser
Mangold Fondkommisssion AB
E-mail: ca@skmg.se
Telephone: +46 7 075 595 51

Certified Adviser (starting on the 15th of February 2021)
Redeye AB
E-mail: certifiedadviser@redeye.se
Telephone: +46 8 121 576 90

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

Dublin, Ireland, 15 February 2021 –Zutec Holding AB (publ) (“Zutec”) has entered into an agreement with Redeye AB regarding Certified Adviser services. Redeye AB will be appointed as Certified Adviser on the 15th of February 2021.

 

For more information, please contact:

Gustave Geisendorf, Chief Executive Officer
E-mail: gustave.geisendorf@zutec.com
Telephone: +353 1 201 3565

Certified Adviser
Mangold Fondkommisssion AB
E-mail: ca@skmg.se
Telephone: +46 7 075 595 51

Certified Adviser (starting on the 15th of February 2021)
Redeye AB
E-mail: certifiedadviser@redeye.se
Telephone: +46 8 121 576 90

 

About Zutec

Zutec is a provider of cloud-based construction management software with operations in Dublin, Abu Dhabi, London and Melbourne.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).