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Press Release | 7 Mar, 2019 | 15:08 | Regulatory

Fagerhult completes iGuzzini acquisition and decides on an issue in kind

The purchase price for iGuzzini amounts to 375.9 MEUR, of which 284.5 MEUR is paid in cash and 91.4 MEUR in new Fagerhult shares.  

For more information see the press release from December 21, 2018. More information on iGuzzini is available at www.iguzzini.com.

The issue in kind in brief

As part of the purchase price for iGuzzini, the board of directors of Fagerhult has decided to issue 11,244,805 new shares in Fagerhult. The new shares have been subscribed for by the sellers of iGuzzini (Fimag S.p.A. and Tip-Pre IPO S.p.A.) who have paid for the new shares by transferring to Fagerhult shares in iGuzzini at an agreed value of 91.4 MEUR (963.6 MSEK[1]).

Habo, March 7, 2019

[1] Based on an exchange rate as on March 4, 2019, at 12:00 CET of 10.54 SEK/EUR.

Disclosures may be submitted by

Bodil Sonesson CEO, mobile: +46 72223 7602 e-mail: bodil.sonesson@fagerhult.se

Michael Wood CFO, mobile: +46 73 087 46 47 e-mail: michael.wood@fagerhult.se

Fagerhult is one of Europe��s leading lighting groups with approximately 3,450 employees and operations in more than 25 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight, Lighting Innovation, LED Linear, WE-EF and Veko. AB Fagerhult is listed on the Nasdaq Nordic Exchange in Stockholm.

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