Some 13 current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each is subject to a standstill on further sales for a minimum period of six months.
“In line with our previous statements, we view this as a key step to enhance the liquidity and attractiveness of our company’s shares,” said Stefan Widegren, Cavotec executive chairman. “We are delighted to see the market’s positive response to this transaction, as the four million shares placed equate to some 18 months of historical trading volume.”
