iZafe Group AB (publ.) announces that Dosell Consumer will be launched on October 18 via Apoteket AB. The first delivery of Dosell Consumer will be sent to Apoteket today, October 4, before the start of sales. In connection with the launch, the media has been invited to a press conference on October 14, where Dosell Consumer will be presented by, among others, CEO Anders Segerström and by the inventor of Dosell, general practitioner Göran Sjönell.
During the summer, an exclusive collaboration agreement was signed with Apoteket AB to introduce the pharmaceutical robot Dosell on the consumer market in Sweden. iZafe Group creates, together with Apoteket, an opportunity for all 2.3 million people who take medication daily in Sweden to prioritize proactivity to avoid drug injuries or incorrect medication.
“There is no doubt that drug injuries are a real problem in society. It is still difficult to create insight into the subject as, in the first instance in the event of an injury, one cannot point out that it has arisen because of incorrect medication. Every year, about 35,000 elderly people become so ill from their medicines that they must be hospitalized. It is with pride that we make Dosell available to anyone who takes medication regularly and wants to prevent incorrect medication with a better overview of medicines and increased compliance before an injury occurs. When our ongoing issue is completed, we will be able to scale up production and begin the sales period that we have all been patiently waiting for. The upcoming launch to the public is welcomed in a press conference on October 14 where we invited the media." Says Anders Segerström, CEO of iZafe Group.
iZafe Group AB (publ.) announces that for the second year in a row, the Company is one of the nominated entries to win the Golden Pill. iZafe Group participates in the competition with Dosell Consumer – Sweden's first pharmaceutical robot for consumers, which will be launched on October 18 via Apoteket. The winner of the Golden Pill is announced on September 30.
The pharmaceutical insurance, in collaboration with Dagens Medicin, distributes the prize “Golden Pill” every year. The prize is awarded to encourage employees in healthcare, the pharmacy sector and the research world to identify new ways of working and methods in healthcare. New ways of working will contribute to achieving safer medication handling and thus better health for patients.
“Medication errors is today a major problem in society. Our statistically significant market survey shows that 87 percent of patients over the age of 60 who are taking several medicines per day put safety first. We want to contribute to safer medication handling with the pharmaceutical robot Dosell. It automates the medication, which means that the individual can manage their medication at home more easily and ensure that you take the right dose at the right time", says Anders Segerström, CEO of iZafe Group.
Dosell Consumer dispenses the right medication packaged in sachets – the right dose at the right time. It also reminds when it's time to take the medicine.
"In addition, relatives do not have to worry. They are notified via SMS when there is a forgotten medicine that must be taken. By automating the process, it will be both easier and safer for everyone involved", concludes Anders Segerström.
About Dosell Consumer
Dosell Consumer and the Dosell app are a niche version of iZafe Group's professional solution and adapted so that users and relatives can administer medication and ensure the right dosage themselves, without being dependent on healthcare professionals. Both versions of the product are compatible with sachets from all suppliers on the market.
Dosell Consumer is a subscription service. Subscriptions for Dosell Consumer can be subscribed for and paid for by, for example, relatives on behalf of the user.
Dosell Consumer will be available for delivery in October 2021, but it is already possible to register an interest for when Dosell Consumer is launched. Click here.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SWITZERLAND, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
iZafe Group AB (publ) (“iZafe” or the “Company”) has prepared an EU growth prospectus (“The Prospectus”) for the forthcoming issue of units consisting of shares and warrants with preferential rights for existing shareholders, which was resolved on and announced on September 6, 2021 (the “Rights Issue”) as well as approved by the extraordinary general meeting on September 23, 2021. The Prospectus was approved and registered by the Swedish Financial Supervisory Authority today. The prospectus is now available on the Company’s website, www.izafe.se, and will be made available on Mangold Fondkommission AB’s website, www.mangold.se, as well as the Swedish Financial Supervisory Authority’s website, www.fi.se.
The Prospectus has been prepared due to the forthcoming issues of units with preferential rights and was approved and registered by the Swedish Financial Supervisory Authority as of today, September 24, 2021. The Prospectus, containing the full terms and conditions and other information about the Rights Issue is available on the Company’s website, www.izafe.se, as of today, September 24, 2021. The Prospectus will also be made available on Mangold Fondkommission AB’s website, www.mangold.se, as of October 4, 2021. Subscription forms and other information regarding the Rights Issue will be made available on the Company’s and Mangold Fondkommission AB’s website as of October 4, 2021. The Prospectus will also be available on the Swedish Financial Supervisory Authority’s website, www.fi.se.
The record date for obtaining unit rights is September 30, 2021. The subscription period will run from October 4, 2021 to October 18, 2021.
Advisors Mangold Fondkommission AB is the financial advisor to iZafe in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.
Important information Release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions according to law and people in those jurisdictions, in which this press release has been announced or distributed, should inform themselves of and follow such legal restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in iZafe in any jurisdiction. Invitation to the persons concerned to participate in the Rights Issue will only take place through the EU growth prospectus which the Company has published in connection with the Rights Issue.
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 information in this press release may not be announced, published or distributed in or into the United Kingdom, the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Switzerland, South Africa or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.
Within the European Economic Area, no offer is made to the public of securities in any country other than Sweden. In other Member States of the European Union, such an offer may only be made in accordance with the exceptions in the Prospectus Regulation (EU) 2017/1129.
This press release contains certain forward-looking information that reflects the Company’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forwardlooking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.
Extra bolagsstämma i iZafe Group AB, org. nr 556762-3391 (“iZafe” eller “Bolaget”) ägde rum idag den 23 september 2021. Mot bakgrund av den extraordinära situation som råder till följd av covid-19-pandemin genomfördes extra bolagsstämman med enbart poströstning, utan fysiskt deltagande. Stämman beslutade med erforderlig majoritet i enlighet med följande:
Godkännande av styrelsens beslut om en företrädesemission av units Stämman beslutade att godkänna styrelsens beslut från den 6 september 2021 om att genomföra en företrädesemission av units. Genom företrädesemissionen utfärdas högst 35 435 674 units, motsvarande 35 435 674 aktier och 35 435 674 teckningsoptioner. Genom företrädesemissionen kan aktiekapitalet komma att öka med högst 35 435 674 kronor. Vid fullt utnyttjande av de teckningsoptioner som omfattas av företrädesemissionen kan aktiekapitalet komma att öka med ytterligare 35 435 674 kronor.
Rätt att teckna units ska med företrädesrätt tillkomma de som på avstämningsdagen för emissionen, den 30 september 2021, är registrerade aktieägare i Bolaget, varvid innehav av en (1) befintlig aktie berättigar till en (1) uniträtt. En (1) uniträtt berättigar till teckning av en (1) unit. En (1) unit består av en (1) nyemitterad aktie och en (1) teckningsoption av serie TO10 B. Teckning av nya units ska ske genom kontant betalning under tiden från och med den 4 oktober 2021 till och med den 18 oktober 2021. Teckningskursen per unit är 1,50 kronor, vilket motsvarar en teckningskurs per aktie om 1,50 kronor (teckningsoptionerna emitteras vederlagsfritt). Varje teckningsoption av serie TO10 B berättigar till teckning av en (1) ny aktie i bolaget till en teckningskurs motsvarande 70 procent av den volymvägda genomsnittliga betalkursen för Bolagets aktier på Nasdaq First North Premier Growth Market under perioden 12 september 2022 till och med den 23 september 2022, dock lägst aktiens kvotvärde och högst 2,25 kronor. Nyteckning av aktier genom utnyttjande av teckningsoptioner kan ske mellan 27 september 2022 till och med den 11 oktober 2022.
Företrädesemissionen kan vid full teckning initialt tillföra Bolaget cirka 53 MSEK.
Beslut om särskilt emissionsbemyndigande Stämman beslutade, i enlighet med styrelsens förslag, att bemyndiga styrelsen att – vid ett eller flera tillfällen och längst intill nästkommande årsstämma – besluta om att öka Bolagets aktiekapital genom nyemission av aktier samt att emittera teckningsoptioner i sådan utsträckning som från tid till annan är tillåten enligt bolagsordningen. Bemyndigandet ska dock endast kunna nyttjas (i) för en riktad emission av högst 4 666 666 aktier och 4 666 666 teckningsoptioner till utgivaren av den kreditfacilitet som Bolaget upptog under första kvartalet 2021 och i enlighet med det pressmeddelande som Bolaget offentliggjorde den 6 september 2021 och (ii) för en riktad emission av aktier och teckningsoptioner till de som ingått emissionsgarantier i den företrädesemission som Bolaget offentliggjorde genom pressmeddelande den 6 september 2021. Nyemission av aktier, liksom emission av teckningsoptioner, ska kunna ske med eller utan avvikelse från aktieägarnas företrädesrätt samt med eller utan bestämmelse om apport, kvittning eller andra villkor. Det noteras att detta bemyndigande inte ersätter det bemyndigande som beslutades på årsstämman den 28 juli 2021.
iZafe Group AB (publ.) announces that their pilot project with consumers now has been completed with a positive result, which paves the way for a successful launch in the Swedish and Italian markets. The test participators in the pilot project have had their say: Dosell Consumer is an appreciated aid on the market.
During the summer, a pilot project was carried out with twenty people from a group of several hundred interested who tested Dosell Consumer on their own behalf or to help a relative. Participants have continuously evaluated the product and given suggestions for improvements that iZafe Group is working to update ahead of the upcoming launch of Dosell Consumer.
After the test period, iZafe Group has made a final evaluation with the participants to identify how their medication has developed since they started using Dosell and to get information about their attitude to continue with the service.
"Dosell is my best friend – I never want to be without it." "The robot has reduced my medication misses on the weekends when you have a lot of other things scheduled." “I have received better continuous medication at fixed times. "Dosell increased the security of my mother and reduced my anxiety – Dosell can definitely extend the period of independence." "I would not be able to function without my Dosell." "My daughter does not want to be without Dosell and go back to manual handling of medication where I am constantly unsure and have to remind several times a day that medication should be taken." Dosell is missed by both the home care service and by my mother. It made it very easy to remember to take the medicine on time. It was calming to know that the medicine was delivered. " The words from users or relatives who participated as test persons in the pilot project during the summer of 2021 show that Dosell Consumer is an appreciated aid on the market that you do not want to be without.
“The interest in testing Dosell Consumer has been great and I can state that the response has been very good. The twenty people who participated in the test period have been completely different profiles, which indicates that Dosell is suitable for a number of different customer groups. As many as 95 percent want to keep their Dosell and continue with the service. They appreciate that Dosell is easy to use and that their compliance has improved. This strengthens us ahead of the upcoming launch to the public", says Anders Segerström, CEO of iZafe Group.
The enthusiastic response and the positive reception of the consumer version in Sweden means that iZafe Group is ready to start the launch in Italy via the Sempli Farma service, where the concept of sachets has been developed and spread more widely. The Italian market has a considerable potential with the equivalent of 8.8 million inhabitants over the age of 65 consuming more than five different medications per day. Of these, more than 50 percent experience difficulty following their medication treatments. In Italy, there is an accelerating need to automate medication management, where the consumer version of Dosell has been requested as the obvious alternative.
"The Italian market is several times as large as the Swedish and we see incredible potential for a broad rollout of Dosell now that Italy begins its digitalization journey in healthcare to give more people a safer and simpler medication at home, something that according to society's ambition contributes to lower healthcare costs with reduced risk of incorrect medication. The Italian sachets have been validated with Dosell and active marketing is done towards pharmacies.” concludes Anders Segerström.
Following the launch of Dosell Consumer in Sweden and Italy, iZafe Group sees great potential in a number of other markets in Europe, such as Norway, Finland, Spain, Portugal and England, where the company plans to find the right partners to launch the consumer version in longer term.
About Dosell Consumer Dosell Consumer and the Dosell app are a niche version of iZafe Group's professional solution and adapted so that users and relatives can administer medication and ensure the right dosage themselves, without being dependent on healthcare professionals. Both versions of the product are compatible with sachets from all suppliers on the market.
Dosell Consumer is a subscription service. Subscriptions for Dosell Consumer can be subscribed for and paid for by, for example, relatives on behalf of the user.
Dosell Consumer will be available for delivery in October 2021, but it is already possible to register an interest for when Dosell Consumer is launched.
About Sempli Farma by Remedio The Italian healthcare company Remedio has built a network of strategically selected partners in Italy to identify a combination of different aids to medication management and distribution channels that enable the elderly to remain at home longer. Unlike in Sweden, the possibility of receiving medicine separated into daily doses has not existed previously in Italy; this has inspired Remedio to launch the concept of sachets and develop a complete solution called Sempli Farma.
Sempli Farma is a service that, via pharmacies, connects doctors with the patient and their relatives through a closed drug-dispensing system. The aim of the care concept is to reduce care costs and streamline the Italian healthcare system. Dosell will become the ultimate end component by delivering the sachets while confirming that the medication has been taken and recording statistics.
iZafe Group AB (publ.) announces the opportunity for shareholders, media, and other stakeholders to ask company-related questions in connection with the publication of the Rights Issue which was communicated by press release today, September 6, 2021.
Questions will be answered by Chief Executive Officer Anders Segerström and published at latest on September 14, 2021, on iZafe Group's investor site under the heading Financial Reports, Investor Questions.
Please send your questions to before 10:00 (10 a.m.) CET on Thursday, September 9, 2021.
Aktieägarna i iZafe Group AB, org.nr 556762-3391 (”iZafe” eller ”Bolaget”), kallas härmed till extra bolagsstämma den 23 september 2021.
Mot bakgrund av risken för spridning av Covid-19 och myndigheternas föreskrifter och råd om undvikande av sammankomster har styrelsen beslutat med stöd av tillfälliga lagregler att stämman ska genomföras utan fysisk närvaro genom att aktieägare utövar sin rösträtt endast genom poströstning.
Information om de av bolagsstämman fattade besluten offentliggörs den 23 september 2021 genom pressmeddelande.
RÄTT ATT DELTA VID STÄMMAN Aktieägare som önskar delta vid stämman ska:
vara införd i den av Euroclear Sweden AB förda aktieboken senast den 15 september 2021, och
anmäla sitt deltagande senast den 22 september 2021 genom att skicka in komplett poströstningsformulär och, i förekommande fall, fullmakter, registreringsbevis och andra motsvarande behörighetshandlingar i enlighet med anvisningar under rubriken “Information om poströstning” nedan.
Aktieägare som låtit förvaltarregistrera sina aktier genom bank eller värdepappersinstitut måste, för att äga rätt att delta på stämman, tillfälligt låta registrera aktierna i eget namn så att aktieägaren blir införd i aktieboken per den 15 september 2021. Sådan omregistrering kan vara tillfällig (så kallad rösträttsregistrering) och begärs hos förvaltaren enligt förvaltarens rutiner. Registreringar som verkställs hos Euroclear Sweden AB senast den 17 september 2021 kommer att beaktas vid framställningen av aktieboken.
INFORMATION OM POSTRÖSTNING Poströstningsförfarande Aktieägarna får utöva sin rösträtt vid bolagsstämman endast genom att rösta på förhand, s.k. poströstning, enligt 22 § lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor.
Ett särskilt formulär ska användas för poströstningen. Formuläret kommer att finnas tillgängligt på Bolagets hemsida (https://izafe.se). Poströstningsformuläret gäller som anmälan till bolagsstämman.
Det ifyllda formuläret måste vara Bolaget tillhanda senast den 22 september 2021. Formuläret kan skickas med post till iZafe Group AB, Södra Fiskartorpsvägen 20, 114 33 Stockholm eller per e-post till .
En poströst kan återkallas fram till och med den 22 september 2021 via e-post eller post till ovanstående adresser. Om två eller fler formulär har samma datering kommer endast det formulär som sist mottagits att beaktas.
Aktieägare får inte förse poströsten med särskilda instruktioner eller villkor. Om så sker är rösten (dvs. Poströstningen i sin helhet) ogiltig. Ytterligare anvisningar framgår av poströstningsformuläret.
Aktieägarna kan i poströstningsformuläret begära att beslut i något eller några av ärendena på den föreslagna dagordningen enligt nedan ska anstå till en s.k. fortsatt bolagsstämma, som inte får vara en ren poströstningsstämma. Sådan fortsatt bolagsstämma ska äga rum om bolagsstämman beslutar om det eller om ägare till minst en tiondel av samtliga aktier i Bolaget begär det.
Poströstning genom ombud Aktieägare som poströstar genom ombud ska utfärda skriftlig av aktieägaren undertecknad och daterad fullmakt för ombudet. Sker poströstning med stöd av fullmakt ska fullmakten bifogas poströstningsformuläret. Om fullmakten utfärdats av juridisk person ska även kopia av registreringsbevis bifogas poströstningsformuläret eller om sådan handling inte finns, motsvarande behörighetshandling. Fullmaktsformulär för aktieägare som önskar poströsta genom ombud kommer att finnas tillgängligt på Bolagets hemsida (https://izafe.se).
FÖRSLAG TILL DAGORDNING
Stämmans öppnande
Val av ordförande vid stämman
Upprättande och godkännande av röstlängd
Godkännande av dagordningen
Val av justeringsperson
Prövning av om stämman blivit behörigen sammankallad
Beslut om godkännande av styrelsens beslut om företrädesemission
Beslut om särskilt emissionsbemyndigande
Stämmans avslutande
FÖRSLAG TILL BESLUT Punkt 2 – Val av ordförande vid stämman Styrelsen föreslår att stämman väljer advokat Johan Engström (Eversheds Sutherland) till ordförande vid bolagsstämman eller, vid förhinder, sådan annan person som styrelsen anvisar.
Punkt 3 – Upprättande och godkännande av röstlängd Röstlängden som föreslås godkännas är den röstlängd som upprättats av Bolaget, baserat på Bolagets aktiebok som erhållits av Euroclear Sweden AB och inkomna poströster som kontrollerats och tillstyrkts av justeringspersonerna.
Punkt 5 – Val av justeringsperson Styrelsen föreslår Kevin Holmkvist (Eversheds Sutherland) som person att jämte ordföranden justera protokollet, eller, vid förhinder, sådan annan person som styrelsen anvisar. Justeringspersonens uppdrag innefattar även att kontrollera röstlängden och att inkomna poströster blir rätt återgivna i stämmoprotokollet.
Punkt 7 – Beslut om godkännande av styrelsens beslut om företrädesemission Styrelsen föreslår att stämman beslutar att godkänna styrelsens beslut från den 6 september 2021, avseende emission av aktier och teckningsoptioner av serie TO10 med företrädesrätt för befintliga aktieägare enligt följande.
De nya aktierna och teckningsoptionerna ska ges ut i enheter (s.k. units). Varje unit ska innehålla en (1) aktie och en (1) teckningsoption.
Bolagets aktiekapital ska ökas med högst 35 435 674,00 kronor genom emission av högst 35 435 674,00 aktier. Totalt ska högst 35 435 674,00 teckningsoptioner utfärdas, innebärande en ökning av aktiekapitalet vi fullt utnyttjande med högst 35 435 674,00 kronor.
Aktieägare som är registrerade i den av Euroclear Sweden AB förda aktieboken i Bolaget på avstämningsdagen den 30 september 2021 erhåller teckningsrätter för deltagande i emissionen.
Rätt att teckna units ska med företrädesrätt tillkomma de som på avstämningsdagen för emissionen är registrerade som aktieägare i Bolaget, varvid innehav av en (1) aktie berättigar till en (1) teckningsrätt. En (1) teckningsrätt berättigar till teckning av en (1) aktie.
För det fall inte samtliga units tecknats med stöd av teckningsrätter ska styrelsen, inom ramen för nyemissionens högsta belopp, besluta om tilldelning av aktier enligt tilldelningsprinciperna nedan:
(i) I första hand ska tilldelning ske till dem som även tecknat units med stöd av teckningsrätter, oavsett om tecknaren var aktieägare på avstämningsdagen eller inte, och vid överteckning i förhållande till det antal teckningsrätter som var och en utnyttjat för teckning av units och, i den mån detta inte kan ske, genom lottning.
(ii) I andra hand ska tilldelning ske till andra som tecknat units utan stöd av teckningsrätter, och, för det fall dessa inte kan erhålla full tilldelning, i förhållande till det antal units som var och en anmält för teckning och, i den mån detta inte kan ske, genom lottning.
(iii) I sista hand ska eventuella återstående units tilldelas de garanter som ingått emissionsgarantier i förhållande till storleken på respektive garantiåtagande och, i den mån detta inte kan ske, genom lottning.
Teckning av nya units ska ske under perioden från och med den 4 oktober 2021 till och med den 18 oktober 2021. Styrelsen äger rätt att förlänga teckningsperioden.
Teckningskursen ska vara 1,50 kronor per unit, motsvarande 1,50 kronor per aktie. Teckningsoptionerna ska ges ut utan vederlag. Överkurs ska tillföras den fria överkursfonden.
Teckning kan enbart ske i units och således inte av aktier och teckningsoptioner var för sig. Tilldelning får enbart ske i units. Efter emissionens genomförande kommer dock aktierna och teckningsoptionerna att skiljas åt.
Betalning av units ska ske kontant. Betalning av units som tecknas med företrädesrätt ska ske samtligt som teckning sker under perioden från och med den 4 oktober 2021 till och med den 18 oktober 2021. Betalning av units som tecknas utan företrädesrätt ska ske senast tre (3) bankdagar efter att tilldelningsbesked skickats till tecknaren. Styrelsen har rätt att förlänga betalningsperioden.
De nya aktierna ska berättiga till utdelning första gången på den avstämningsdag för utdelning som infaller närmast efter att nyemissionen har registrerats hos Bolagsverket och blivit införda i den av Euroclear Sweden AB förda aktieboken.
Varje teckningsoption berättigar till teckning av en (1) ny aktie till en teckningskurs motsvarande 70 procent av den volymvägda genomsnittliga betalkursen för Bolagets aktier på Nasdaq First North Premier Growth Market under perioden från och med den 12 september 2022 till och med den 23 september 2022, dock lägst 1,00 SEK (aktiens kvotvärde) och högst 2,25 SEK.
Nyteckning av aktier genom utnyttjande av teckningsoptionerna kan ske under perioden från och med den 27 september 2022 till och med den 11 oktober 2022. Överkurs vid nyteckning av aktier genom utnyttjande av teckningsoptionerna ska tillföras den fria överkursfonden. Teckningsoptionerna är föremål för ytterligare villkor, inklusive sedvanliga omräkningsvillkor.
Styrelsen, eller den styrelsen utser, har rätt att vidta smärre justeringar av ovanstående beslut som kan visa sig erforderliga i samband med registrering hos Bolagsverket eller i förhållande till Euroclear Sweden AB.
Punkt 8 – Beslut om särskilt emissionsbemyndigande Med anledning av den företrädesemission som Bolaget offentliggjorde genom pressmeddelande den 6 september 2021 har Bolaget inhämtat emissionsgarantier från investerare. För emissionsgarantierna utgår en avtalad garantiprovision om tio (10) procent av det garanterade beloppet i kontant ersättning eller tolv (12) procent av det garanterade beloppet i form av aktier. Bolaget upptog även en kreditfacilitet under första kvartalet 2021, enligt vilken återbetalning delvis kan ske genom kvittning i samband med nyemission.
I syfte att på ett tids- och kostnadseffektivt sätt fullgöra Bolagets åtaganden enligt ovan föreslår styrelsen att stämman beslutar om ett särskilt emissionsbemyndigande enligt nedan.
Stämman föreslås bemyndiga styrelsen att – vid ett eller flera tillfällen och längst intill nästkommande årsstämma – besluta om att öka Bolagets aktiekapital genom nyemission av aktier samt att emittera teckningsoptioner i sådan utsträckning som från tid till annan är tillåten enligt bolagsordningen. Bemyndigandet ska dock endast kunna nyttjas (i) för en riktad emission av högst 4 666 666 aktier och 4 666 666 teckningsoptioner till utgivaren av den kreditfacilitet som Bolaget upptog under första kvartalet 2021 och i enlighet med det pressmeddelande som Bolaget offentliggjorde den 6 september 2021 och (ii) för en riktad emission av aktier och teckningsoptioner till de som ingått emissionsgarantier i den företrädesemission som Bolaget offentliggjorde genom pressmeddelande den 6 september 2021.
Nyemission av aktier, liksom emission av teckningsoptioner, ska kunna ske med eller utan avvikelse från aktieägarnas företrädesrätt samt med eller utan bestämmelse om apport, kvittning eller andra villkor. Detta bemyndigande ska inte ersätta det bemyndigande som beslutades på årsstämman den 28 juli 2021.
Beslut enligt denna punkt kräver för dess giltighet att förslaget biträds av aktieägare representerande minst två tredjedelar (2/3) av såväl de vid stämman avgivna rösterna som de vid stämman företrädda aktierna.
ÖVRIGT Aktieägares rätt att begära upplysningar Aktieägare har av styrelsen och den verkställande direktören rätt begära upplysningar enligt 7 kap. 32 § aktiebolagslagen avseende förhållanden som kan inverka på bedömningen av ett ärende på dagordningen. Styrelsen och den verkställande direktören ska lämna ut sådana upplysningar om styrelsen anser att det kan ske utan väsentlig skada för Bolaget.
Begäran om sådana upplysningar ska lämnas skriftligen till Bolaget senast tio (10) dagar före stämman, d.v.s. senast den 13 september 2021, till Bolagets adress Södra Fiskartorpsvägen 20, 114 33 Stockholm eller via e-post till . Upplysningarna lämnas av Bolaget genom att de hålls tillgängliga på Bolagets webbplats (https://izafe.se) och hos Bolaget på ovan angiven adress senast fem (5) dagar före stämman, d.v.s. den 18 september 2021. Upplysningarna skickas även till aktieägare som begärt dem och som uppgivit sin adress.
Handlingar Styrelsens fullständiga förslag till beslut samt övriga erforderliga handlingar finns tillgängliga på Bolagets hemsida (https://izafe.se) och sänds även de till de aktieägare som så begär och uppger sin postadress.
Antal aktier och röster Det totala antalet aktier i Bolaget uppgår per dagen för denna kallelse till 35 435 674, varav 600 000 A-aktier och 34 835 674 B-aktier. Det totala antalet röster i Bolaget uppgår till 40 827 700 röster där varje A-aktie berättigar till tio röster och varje B-aktie berättigar till en röst.
Stockholm i september 2021 iZafe Group AB Styrelsen
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The Board of Directors of iZafe Group AB (publ) (“iZafe” or the “Company”) has today, subject to the shareholders' subsequent approval, decided to carry out of an issue of units consisting of shares and warrants with preferential rights for existing shareholders of approximately SEK 53 million (the “Rights Issue”). The Rights Issue is covered to approximately 18 percent through subscription commitments and to approximately 82 percent through underwriting commitments and is thus covered to 100 percent in total through subscription commitments and underwriting commitments. Notice to the extraordinary general meeting will be published in a separate press release.
Summary
The Board of Directors of iZafe has resolved to carry out the Rights Issue of units consisting of shares and warrants of series TO10 which, when fully subscribed, initially can provide iZafe with approximately SEK 53 million before issue costs. The resolution is subject to approval from an extraordinary general meeting in the Company. Should the Rights Issue be oversubscribed, the Board of Directors may decide to issue additional units corresponding to a value of up to approximately SEK 7 million against payment by set-off directed to an issuer of a credit facility (the "Over-Allotment Issue").
In the event of full subscription and full exercise of all warrants of series TO10 in conjunction with offered units, the Company may be provided with an additional maximum of either approximately SEK 80 million or approximately SEK 90 million, depending on whether the Over-Allotment Issue is carried out.
The Rights Issue is covered to approximately 18 percent through subscription commitments and to approximately 82 percent through underwriting commitments. Thus, the Rights Issue is covered to 100 percent in total through subscription commitments and underwriting commitments.
All existing shareholders will receive one (1) unit right for each one (1) share owned on the record date, September 30, 2021. One (1) unit right gives the right to subscribe for one (1) unit. One (1) unit consists of one (1) newly issued share and one (1) warrant of series TO10. The subscription price per unit is SEK 1.50, corresponding to SEK 1.50 per share (the warrants are issued free of charge).
The subscription period for the Rights Issue will run from October 4, 2021 to October 18, 2021.
The subscription price for subscription of shares with the support of warrants of series TO10 corresponds to 70 percent of the volume-weighted average price paid for the Company’s shares on Nasdaq First North Premier Growth Market during the period from September 12, 2022 to September 23, 2022, but not less than SEK 1.00 (the share’s quota value) and not more than SEK 2.25.
The exercise period for subscription of shares with the support of the warrants runs from September 27, 2022 to October 11, 2022.
The Rights Issue is carried out in order to be able to produce, continuously develop, sell and market Dosell to partners and consumers on a long-term and large-scale basis.
Comment from the CEO “We are facing a number of exciting business opportunities in the coming years and need to strengthen the company financially ahead of our impending offensive expansion. Finally, as a company, we can go from being a start-up to becoming a scale-up where we launch Europe's first consumer-adapted pharmaceutical robot in Sweden and soon in Italy. We also look forward to delivering significant volumes to our partners in the Nordic region and developing sales through these so that we can adapt quickly and agile based on the needs of public care. With one leg in the consumer market and the other in the corporate market, we need to ensure long-term production, development and warehousing to fundamentally change healthcare and digitize drug management for users who want to live a safe and independent life at home longer – today and in the future”, comments Anders Segerström, CEO of iZafe.
Background and rationale in summary iZafe is a medical technology company that develops digital solutions for easier and safer drug handling at home. The Company’s products and services reduce the risk of incorrect medication, increase security for family and relatives, and relieve public care. The Company’s main product, Dosell, is a patented digital machine that is placed in the home or within healthcare and ensures that the user receives the right medicine at the right time.
For the past two years, iZafe has streamlined its operations, invested in product development and pilot projects, and established a partner network. Thus, the Company is well positioned to grow and capitalize on the major challenges facing society today; the population is aging, an increasing amount of people are living longer lives, and the prescription of medicines to people over the age of 65 is increasing. When the increased efforts of society to digitize care are now implemented, and measures to strengthen care for the elderly are intensified, iZafe has positioned Dosell as the clear alternative.
In the late spring of 2021, an upgraded version of Dosell was launched. Dosell 2.0 is a result of the ongoing work where iZafe, together with users, partners and participants in pilot studies, exchanged experiences and documented data that provided important information for the Company’s ongoing development process. In addition to previous capabilities, Dosell 2.0 has been supplemented to meet all Medical Device Regulation requirements and includes a host of improvements and new built-in features such as a safer and simpler process, rechargeable lithium-ion batteries, an updated Dosell app and updated design that makes the product more flexible and user-friendly.
In 2021, iZafe will also be the first supplier to market and provide a consumer version of a pharmaceutical robot with drug dispensing via sachets. With the launch of Dosell Consumer, a completely new market opens which consists of the approximately 200,000 people who already medicate via sachets and the approximately 500,000 people in Sweden who medicate manually, for example using dosages. The consumer version is a subscription service that provides the opportunity to subscribe privately to a pharmaceutical robot without being dependent on the care or home service providing the equipment.
In order to be able to produce, continuously develop, sell and market Dosell to partners and consumers on a long-term and large-scale basis, the Board for iZafe has now resolved to carry out the Rights Issue.
Terms for the Rights Issue The Board of Directors of iZafe has resolved on the Rights Issue, subject to the subsequent approval from an extraordinary meeting in the Company, in accordance with the following main terms:
All existing shareholders will receive one (1) unit right for each (1) share owned on the record date, September 30, 2021, and one (1) unit right gives the right to subscribe for one (1) unit. One (1) unit consists of one (1) newly issued share and one (1) warrant of series TO10. The subscription price per unit is SEK 1.50, corresponding to SEK 1.50 per share (the warrants are issued free of charge).
The Rights Issue entails an issue of a maximum of 35,435,674 units, corresponding to 35,435,674 shares and 35,435,674 warrants.
Upon full subscription in the Rights Issue, the Company receives approximately SEK 53 million before issue costs.
The subscription period for subscription of units will run from October 4, 2021 to October 18, 2021.
Should the Rights Issue be oversubscribed, the Board of Directors may decide to carry out the Over-Allotment Issue of additionally not more than 4,666,666 units, corresponding to a value of up to SEK 7 million, directed to Formue Nord Markedsneutral A/S which provides the credit facility raised by the Company during the first quarter of 2021. Payment in the Over-Allotment Issue will be made by way of set off.
Through the Rights Issue, the share capital may increase by a maximum of SEK 35,435,674.00, from SEK 35,435,674.00 to SEK 70,871,348.00. If the Company carries out the Over-allotment Issue, the share capital may increase by a further maximum of SEK 4,666,666.00 to a total of a maximum of SEK 75,538,014.00. Upon full exercise of the warrants covered by the Rights Issue, the share capital may increase by an additional SEK 35,435,674.00. If the Over-Allotment Issue is carried out, the share capital can instead be increased by an additional SEK 40,102,340.00 as a result of full exercise of all warrants of series TO10.
The existing shareholders in the Company who do not subscribe for units in the Rights Issue will be subject to dilution. A fully subscribed Rights issue entails a dilution corresponding to 50.0 percent. If the Over-allotment Issue is carried out, the dilution amounts to approximately 53.1 percent. The maximum increase in the number of shares in the Company as a result of full subscription of the Rights Issue and full exercise of attached warrants of series TO10 may entail a total dilution of approximately 66.7 percent. The maximum increase in the number of shares in the Company as a result of full subscription in the Rights Issue and the Over-allotment Issue, including the exercise of all pending TO10 series warrants, may entail a total dilution of approximately 69.4 percent.
The exercise period for subscription of shares with the support of the warrants will run from September 27, 2022 to October 11, 2022.
The subscription price for subscription of shares with the support of warrants of series TO10 corresponds to 70 percent of the volume-weighted average price paid for the Company’s shares on Nasdaq First North Premier Growth Market during the period from September 12, 2022 to September 23, 2022, but not less than SEK 1.00 (the share’s quota value) and not more than SEK 2.25.
In the event of full subscription and full exercise of all warrants of series TO10 in conjunction with offered units, the Company may be provided with an additional maximum of either approximately SEK 80 million or approximately SEK 90 million, depending on whether the Over-Allotment Issue is carried out.
The warrants are intended to be admitted to trading on the Nasdaq First North Premier Growth Market after final registration with the Swedish Companies Registration Office.
Subscription commitments, underwriting commitments and lock up The Rights Issue is covered to approximately 18 percent through subscription commitments and to approximately 82 percent through underwriting commitments. In total, 100 percent of the Rights Issue is covered by subscription commitments and underwriting commitments. The subscription commitments and underwriting commitments are not secured through bank guarantees, pledge or similar arrangements. Subscription commitments have been made by a number of existing shareholders in the Company (by, among others, Chairman of the Board Joachim Källsholm, Board member Richard Wolff, CEO Anders Segerström, CFO Ida Almgren, Sales Manager Tobias Johansson, former Chairman of the Board Carl Johan Merner and the Company’s founders Göran Sjönell and Sten Röing) as well as external investors. The underwriting commitments have been provided by external investors. For the underwriting commitments, an underwriting commission of ten (10) percent of the guaranteed amount in cash compensation or twelve (12) percent of the guaranteed amount in the form of shares is paid. The subscription price for any shares issued to underwriters shall correspond to the subscription price in the issue. No compensation is paid for the subscription commitments. Furthermore, the Company's CEO, Anders Segerström, has undertaken not to sell his shares in the Company for a period of 12 months through a so-called lock-up agreement.
Prospectus An EU growth prospectus and application form will be available before the beginning of the subscription period on the Company's website, www.izafegroup.com.
Timetable
September 28, 2021
Last day of trading in iZafe’s shares including the right to receive unit rights
September 29, 2021
Last day of trading in iZafe’s shares excluding the right to receive unit rights
September 30, 2021
Record date for obtaining unit rights. Shareholders who are registered in the share register kept by Euroclear Sweden AB on this day, receive unit rights for participation in the Rights Issue.
October 4– October 13 2021
Trading in unit rights on Nasdaq First North Premier Growth Market
October 4 – October 18 2021
Subscription period for the Rights Issue
October 21, 2021
Estimated date for publication of issue results
Advisors Mangold Fondkommission AB is the financial advisor to iZafe in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.
Important information Release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions according to law and people in those jurisdictions, in which this press release has been announced or distributed, should inform themselves of and follow such legal restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in iZafe in any jurisdiction. Invitation to the persons concerned to participate in the Rights Issue will only take place through the EU growth prospectus which the Company intends to publish in connection with the Rights Issue.
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 information in this press release may not be announced, published or distributed in or into the United Kingdom, the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Switzerland, South Africa or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.
Within the European Economic Area, no offer is made to the public of securities in any country other than Sweden. In other Member States of the European Union, such an offer may only be made in accordance with the exceptions in the Prospectus Regulation (EU) 2017/1129.
This press release contains certain forward-looking information that reflects the Company’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forwardlooking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.
Stockholm, Sweden. iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading life science company in the digitalization of medication management has signed an exclusive collaboration agreement with Apoteket AB to introduce the medication dispensing robot Dosell on the consumer market in Sweden. iZafe Group, together with Apoteket, is creating a completely new private market for the integrated dispensing of medicines via Apoteket's dosing services Apodos and DosPac in combination with the medication dispensing robot Dosell.
iZafe Group and Apoteket have identified an increased need to simplify the process of medication management. The medication dispensing robot Dosell in combination with Apodos or DosPac now creates the conditions for a simpler, more independent and safe medication by delivering the medicines pre-sorted and at the same time by reminding the user when and which medication to take.
“It is well known that incorrect medication can have devastating effects on the individual's health if a dose is taken at the wrong time, not taken at all or if medications that can be harmful if taken together are combined. Through the concept of dose-packaged medication in sachets, the user gets their medication pre-sorted and in daily dose bags, which ensures that the medication is correct while the user does not have to spend time handling and sorting tablets in, for example, a pill organizer. Dosell then helps the user to manage the medication as prescribed", comments Anders Segerström, CEO of iZafe Group. "The fact that we have signed an agreement with Apoteket shows that our strategic decision to launch a consumer version of Dosell was completely right and paves the way for a broad launch to consumers together with Sweden's leading pharmacy chain."
The consumer-adapted version of Dosell is based on iZafe Group's professional solution and developed in a way that makes it possible for users and relatives to administer medication and ensure the correct dosage using sachets from all suppliers on the market, without being dependent on healthcare staff and without requiring a prescription for the service. The user or relative is also given the opportunity to receive SMS reminders to their mobile phone if the medicines have not been taken on time.
Apoteket's unique market position as one of the leading suppliers of sachets creates a direct market for the over 200,000 people who currently medicate via sachets. The common goal is to offer the service to these and to address the people who administer their medication on their own. Dosell Consumer is also aimed at relatives who want to ensure that relatives take the right medicine at the right time for increased well-being and to minimize the risk of incorrect medication.
“We want to create the opportunity for those who take daily medication at home to get their medication in order. With the help of sachets, the user gets their medicines pre-sorted and quality-reviewed by a pharmacist, which gives them the reassurance of knowing that it will be right. The medication-dispensing robot Dosell works with the sachets to provide daily reminders and simplify the handling of the medication. Additional security is provided as the user, relatives or others can receive notifications via SMS if a dose is not taken”, says Magdalena Borg, Business Area Manager Dos Apoteket AB.
About the agreement On June 14, 2021, iZafe Group and Apoteket AB signed a letter of intent agreeing to investigate the possibility of introducing the consumer version of Dosell via Apoteket's channels. Today's agreement, which is a result of these negotiations, means that Apoteket AB receives the excluse rights for the sale and distribution of the medication dispensing robot Dosell in Sweden via its own channels. iZafe Group and Apoteket will work together closely to maximize the opportunities to inform potential customers across all available channels. Dosell Consumer will be available for delivery via Apoteket in October 2021.
About Dosell Consumer Dosell Consumer and the Dosell app are a consumer-adapted version of iZafe Group's professional solution and designed so that users and relatives can administer medication themselves and ensure the right dosage without being dependent on healthcare staff and without requiring a prescription for the service. Dosell Consumer is compatible with all dose bags on the market.
About Apoteket AB Apoteket AB is Sweden's largest pharmacy chain and a state-owned company trading in pharmaceuticals in Sweden. Apoteket operates approximately 400 pharmacies in Sweden.
In addition to the pharmacy business, Apoteket also offers drug supply with associated pharmacy services to hospitals, health centers, dental clinics, municipal units, and private care companies and works with health services for employers via so-called Hospital Pharmacies and has ApoDos operations in Sweden.
Apoteket DosPac is a service whereby medicines are pre-sorted, dosed, and packaged in daily dose bags. Each bag contains the medicines to be taken at the same time. Each bag is labelled with personal information and details about what the bag contains and when the medicine is to be taken.
iZafe, utvecklaren av dospåsautomaten Dosell, lanserade under augusti den nya versionen Dosell 2.0 och står nu redo för att skala upp bolagets produktionskapacitet. Under juni ingick bolaget även i en avsiktsförklaring med apotekskedjan Apoteket AB om den nya konsumentversionen som väntas lanseras under september. Fram tills dess utvärderas Dosell Konsument i ett pilotprojekt med 20 användare och har hittills mottagit positiva omdömen. Försäljningen väntas därmed dra igång under andra halvan av året.
I slutet av juli inkom ett förslag på en ny ledning från mer än 10 procent av aktieägarna. Förslaget röstades igenom och till nästa årsstämma 2022 består styrelsen av: Joachim Källsholm (styrelseordförande), Göran Hermanson (omvald), Dr. B.-O. Ahrstrom (styrelseledamot) och Richard Wolff (styrelseledamot). Samtliga har gedigen erfarenhet inom affärsutveckling och väntas således kunna bistå med kunskap kring försäljningen av Dosell.
Mangold värderar iZafe med en DCF-modell och ett avkastningskrav om 14,5 procent. Försäljningsestimaten som presenterades i den tidigare analysen har justerats ned något på grund av avsaknaden av ordrar under det första halvåret. Riktkursen revideras således till 4,40 kr per aktie, motsvarande en uppsida om drygt 95 procent. Rekommendation Köp återupprepas.
