As previously communicated on 17 September 2019, Storytel AB (publ), (“Storytel”) has entered an agreement for acquiring Finland’s third largest publishing house – Gummerus Kustannus OY (“Gummerus Kustannus”). As of 30 September 2019, Storytel has closed the acquisition, thus becoming owner of Gummerus Kustannus.
On 30 September 2019, Storytel acquired the Finnish publishing house Gummerus Kustannus. As previously communicated, the purchase price will partially be paid in cash and partially through the issue of Storytel shares.
The issue consists of 244,103 new class B shares. Following the issue, the share capital will amount to SEK 28,054,705. The total number of Storytel shares following the issue amounts to 56,109,410 shares, divided into 635 class A shares and 56,108,775 class B shares. The newly issued shares will represent approximately 0.87 percent of the total number of shares and votes in Storytel on a fully diluted basis. The subscription price in the issue of SEK 106.1785 was calculated as a volume-weighted average price during the last 15 trading days, up to and including the 26 September. The subscription and allotment of shares has gone according to plan and the increased Storytel share capital has been filed for registration with the Swedish Companies Registration Office.
FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at email@example.com or +46 8 528 00 399.
For further information, please contact
Sofie Zettergren, Chief Financial Officer (CFO), Storytel
Tel: +46 70 509 98 08
Dan Panas, Head of Communications, Storytel
Tel: +46 70 186 52 90
Storytel is one of the world’s leading audiobook and e-book streaming services and offers unlimited listening and reading of more than 300 000 titles on a global scale. Our vision is to make the world a more empathetic place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel is a digital platform provider as well as a comprehensive publishing group. The streaming business area offers subscriptions for audiobooks and e-books under the Storytel and Mofibo brands. Storytel’s publishing business area is carried out through the publishing houses Norstedts, Massolit, StorySide, Printz Publishing, People’s Press, Rabén & Sjögren, B.Wahlströms and Norstedts Kartor. Ztory – a subscribed digital read-all-you-can streaming service for newspapers and magazines, is part of Storytel since January 2019. Storytel operates in 18 markets around the globe and is headquartered in Stockholm, Sweden.
About Gummerus Kustannus
“Our mission is to publish literature for the joy and benefit of the Finnish people”, Kaarle Jaakko Gummerus
Gummerus Kustannus Oy is the oldest trade publishing house in Finland, and has kept to the vision of its founder since 1872: we publish literature that entertains, inspires and informs. We are loving and passionate about literature. Original and bold book acquisitions have always been at the heart of our work.