Image Systems AB announces outcome of the rights issue
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The Board of Directors of Image Systems AB (publ) (”Image Systems” or the “Company”) hereby announces the outcome of the Company’s new issue of shares with preferential rights for existing shareholders, resolved by the Board of Directors on 17 July 2026 and approved by the Extraordinary General Meeting on 12 August 2026 (the “Rights Issue”). The outcome shows that 27,113,478 shares, corresponding to approximately 76 percent of the Rights Issue, were subscribed for with the support of subscription rights. Additionally, applications for subscription of 16,307,049 shares without the support of subscription rights have been submitted, corresponding to approximately 46 percent of the Rights Issue, in which Tibia Konsult AB's subscription without preferential rights is included. Together, subscription with the support of subscription rights and applications for subscription without the support of subscription rights correspond to approximately 122 percent of the shares offered in the Rights Issue. The Rights Issue is thus oversubscribed. Image Systems will through the Rights Issue receive proceeds amounting to approximately SEK 21.4 million before deduction of costs attributable to the Rights Issue.
Outcome in the Rights Issue
The subscription period in the Rights Issue closed on 4 September 2026. The outcome of the Rights Issue shows that 27,113,478 shares, corresponding to approximately 76 percent of the Rights Issue, have been subscribed for with the support of subscription rights. In addition, applications have been received to subscribe for 16,307,049 shares without the support of subscription rights, corresponding to approximately 46 percent of the Rights Issue, in which Tibia Konsult AB's subscription without preferential rights is included. Subscription with the support of subscription rights and subscription applications without the support of subscription rights together correspond to approximately 122 percent of the shares offered in the Rights Issue. The Rights Issue is thus oversubscribed. Through the Rights Issue, Image Systems will receive issue proceeds of approximately SEK 21.4 million in total, before deduction of costs attributable to the Rights Issue.
Allotment of shares subscribed for without preferential rights
Allotment of shares subscribed for without preferential rights (i.e. without the support of subscription rights) in the Rights Issue will be made in accordance with the principles set out in the Terms and Instructions prepared in connection with the Rights Issue. Notice of allotment of shares subscribed for without the support of subscription rights will be sent via a settlement note to those allotted such shares, and payment for such shares shall be made in cash in accordance with the instructions on the settlement note. Shareholders with nominee-registered holdings will receive notice of allotment in accordance with the respective nominee's procedures.
Trading in BTA and conversion into new shares
Trading in paid subscribed shares (BTA) will take place on Nasdaq Stockholm Small Cap until the Rights Issue has been registered with the Swedish Companies Registration Office (Bolagsverket), which is expected to occur on 21 September 2026. The shares will thereafter be admitted to trading on Nasdaq Stockholm Small Cap under the ticker symbol IS as soon as possible following completion of the conversion.
Change in number of shares and share capital and dilution
Through the Rights Issue, the number of shares in Image Systems increases by 35,683,127 shares, from 89,207,818 shares to 124,890,945 shares, and the share capital increases by SEK 3,568,312.70, from SEK 8,920,781.80 to SEK 12,489,094.50. For existing shareholders who have not participated in the Rights Issue, this results in a dilution effect of approximately 28.6 percent of the votes and shares in the Company.
Advisors
Västra Hamnen Corporate Finance AB is acting as financial advisor and Advokatfirman Lindahl KB is acting as legal advisor to Image Systems in connection with the Rights Issue. Aqurat Fondkommission AB acts as issuing agent.
For further information, contact:
Image Systems AB (publ)
Jan Molin
CEO
jan.molin@imagesystems.se
About Image Systems
Image Systems is a Swedish high-technology company and a leading provider of products and services within high-resolution image processing. By continuously challenging established market concepts and offering innovative and more efficient solutions, the Company enables its customers to improve the performance of their operations. The Company serves customers across a broad range of industries worldwide and operates through its two business units, RemaSawco and Motion Analysis. Image Systems has approximately 75 employees in several countries. In 2025, the Group generated revenue of SEK 169 million. The Company's shares are listed on Nasdaq Stockholm Small Cap under the ticker symbol IS. For further information, please visit www.imagesystemsgroup.se.
IMPORTANT INFORMATION
Publication, announcement or distribution of this press release may in certain jurisdictions be subject to restrictions. Recipients of this press release in jurisdictions where this press release has been published, announced or distributed should inform themselves of, and comply with, such restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable rules in each respective jurisdiction. This press release does not constitute an offer to, or invitation to, acquire or subscribe for any securities in the Company in any jurisdiction, either from the Company or from anyone else.
This press release is not a prospectus pursuant to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (the "Prospectus Regulation") and no prospectus will be prepared in connection with the Rights Issue. This press release is also not an information document pursuant to Annex IX of the Prospectus Regulation and no information document will be prepared in connection with the Rights Issue. Each investor is urged to make its own assessment of the suitability of investing in the Company.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction in the United States, and may not be offered or sold in the United States (as defined in Regulation S under the Securities Act) absent an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with applicable securities laws. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or a solicitation to acquire, securities in the United States. No securities will be offered to the public in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, South Korea or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable rules or where such action is subject to legal restrictions or would require additional registration or other measures than those required under Swedish law.
In the United Kingdom, this press release is directed only at persons who are 'qualified investors' as defined under the UK Prospectus Regulation and who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) are persons falling within Article 49(2)(A) to (D) of the Order, or (iii) to whom it may otherwise lawfully be communicated. For these purposes, the term 'UK Prospectus Regulation' refers to Regulation (EU) 2017/1129 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.
Within the European Economic Area ("EEA"), no offer of shares or other securities is being made to the public in any country other than Sweden. In other member states of the European Union ("EU"), any such offer may only be made in accordance with an exemption under the Prospectus Regulation.
This press release may contain certain forward-looking statements reflecting the Company's current views on future events and financial and operational development. Words such as "intends", "assesses", "expects", "may", "plans", "estimates" and other expressions implying indications or predictions regarding future development or trends, and which are not based on historical facts, constitute forward-looking statements. Forward-looking statements are inherently associated with both known and unknown risks and uncertainties, as they depend on future events and circumstances. Forward-looking statements do not constitute any guarantee regarding future results or development, and actual outcomes may differ materially from what is stated in forward-looking statements.