BIMobject AB ("BIMobject") announces today that the company broadens its ownership base, by having White Mill AG ("White Mill") as a new shareholder in the company. White Mill is a Swiss privately owned investment company, with Mr. Lennart Blecher as 100% beneficial owner. White Mill has today acquired a total of 1,500,000 shares in BIMobject, of which 1,000,000 shares from the founder and CEO Stefan Larsson (through Procedural Labs AB) and 500,000 shares from the board member Philippe Butty (through Abvent SA). The price per share is 21 SEK.
After the sales, Procedural Labs AB will own 5,945,900 shares in BIMobject (equivalent to around 11,5 % of the votes and capital) and Abvent SA will own 2,363,000 shares (equivalent to around 4,6% of the votes and capital). Both the board of BIMobject and the two sellers agree that White Mill AG will become of great strategic value for the company and its continued growth. For BIMobject this means a strategic expansion of the shareholder base of the company which then enables further strengthening of the company's business and technology portfolios, such as intelligent cloud solutions and internet-based infrastructures for furnishing and building products.
The price for the shares, SEK 21 per share, is the same as the subscription price in BIMobject's recently completed share issue to Solar A / S. White Mill wanted to make its investment on the same price level and the seller's, despite the recent increase in price, decided to accept this due to the buyer's strategic value for the company and its shareholders.
"Both Abvent and I are convinced that it is positive for BIMobject and its shareholders to get White Mill into the circuit of shareholders. Despite the fact that we sell at a lower price than the daily course, we fully agree that the extended network of contacts and opportunities this can give BIMobject will create added value for the company and thus also for us and all the other shareholders ", says Stefan Larsson, BIMobject AB's founder and CEO.
For more information, please contact:
Natalie Nilsson - PR & Marketing Manager
Tel: +46 40- 685 29 00
This information is information that BIMobject AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:40 CET on March 1th, 2017.
BIMobject® Corporation, acknowledged by investors with a Global Red Herring 100 award, and a public company on Nasdaq Stockholm First North: ticker BIM. BIMobject® is a game changer for the construction industry worldwide with its cloud based digital content management system for BIM objects.
BIMobject as a disruptive technology corporation is at the forefront of the digitalisation of building products and materials, enabling the information to be turned into know-how earlier in the BIM processes. The BIMobject Cloud is a digital platform, where BIM professionals can reach and download BIM files from brands, from both Europe and US. This will enable industrialisation of the construction industry and also have a huge impact on design, product selection, constructability, waste, energy, cost, quality and logistics.
Our unique solutions for Building Product Manufacturers provide development, hosting, maintenance, syndication and publication of the digital replicas of the manufacturers' products - BIM objects. The marketing and pre-sales services associated with the BIMobject Cloud are channeled and integrated, through Apps, into CAD/BIM applications to create a business-to-business communication across the globe.
Manufacturers use BIMobject® to promote and deliver their products directly into BIM processes enabling their products to be selected and generate a real improvement in sales.
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This is an English version of an original Swedish press release communicated by BIMobject AB. In case of interpretation issues or possible differences between the different versions, the Swedish version shall apply.