CybAero : preferential share issue completed

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CybAero AB (publ) ('CybAero' or 'Company') has completed the preferential share issue which was resolved upon by the extraordinary general meeting on October 4, 2016, in accordance with the board of directors' proposal. The subscription period was 19 October - 4 November 2016. The share issue was subscribed to 90 percent and will contribute approx. MSEK 115.2 to the Company before issue costs.

The preferential share issue was subscribed to approx. 49.5 percent with support from subscription rights, corresponding to approx. MSEK 63.3, of which MSEK 4.0 was subscribed for by set-off. Approx. 2.3 percent of the share issue, corresponding to approx. MSEK 2.9, was subscribed for without support from subscription rights. The remaining part, up to 90 percent of the amount of the share issue, has been subscribed for and allotted to guarantors according to guarantor agreements entered into, corresponding to approx. MSEK 48.9. Shares that was subscribed for without support from subscription rights has been allotted in accordance with the principles that was stipulated by the general meeting with the shareholders on October 4, 2016 and which has been noted in the prospectus that was prepared on account of the preferential share issue and which was published on October 4, 2016. Notice of allotment will be made in the form of a contract note that will be sent to each subscriber. The shares shall be paid in accordance with the instructions on the contract note. Notice will only be sent to those who will receive an allotment.

As soon as the share capital increase has been registered by the Swedish Companies Registration Office, paid subscribed shares (Sw. BTA) in the share issue will be converted into new shares and will be subject to trade on Nasdaq First North.

Through the preferential share issue the Company's share capital will increase with SEK 43 193 005.50 through the issuing of 28 795 337 shares. After the share issue the number of shares in the Company will be 60 790 156 while the share capital will be SEK 91 185 234.

About CybAeroCybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID One helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero's head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 50 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.