Carnegie acted as joint bookrunner in the SEK 1.5bn directed share issue in Sinch AB

Sinch AB (publ) (“Sinch” or the “Company”) today announced that the Company has completed a directed share issue of 5,000,000 shares. The subscription price was SEK 300 per share (corresponding to approx. 2% discount to last close), thus raising proceeds of SEK 1.5 billion, before transaction related expenses. The transaction was significantly oversubscribed, with demand from both existing shareholders and new investors.

The proceeds will be used to execute and continue the Company’s strategy to grow both organically and by acquisitions. In connection with the directed share issue, Sinch announced the acquisition of Wavy, the second largest messaging provider in Brazil with operations in Mexico, Colombia, Peru, Chile, Argentina and Paraguay. The purchase price of Wavy reflects an enterprise value of approx. SEK 1,187 million which will be paid with a combination of cash and approx. 1.5 million new shares in Sinch.

Both the company and its largest shareholders have agreed to a lock-up of 90 days following the transaction.

Carnegie acted as joint bookrunners in connection with the transaction.