Nexam Chemical Plans SEK52 Million Rights Issue of Shares

06:04 AM EST, 12/22/2025 (MT Newswires) -- Nexam Chemical (NEXAM.ST) said Monday it intends to raise 51.8 million kronor through a rights issue of up to 21,577,544 new shares. The subscription period will run from Jan. 26, 2026, to Feb. 9, 2026. Shareholders will receive one subscription right for each existing share held, with 15 subscription rights entitling holders to subscribe for four new shares. The company, which develops heat-activated crosslinkers for different polymers and processing requirements, secured subscription commitments totaling 22.1% of the rights issue from its chief executive officer, chief financial officer, board members, and existing shareholders. The remaining 77.9% of the issue is covered by underwriting commitments. In addition, the company plans to carry out an overallotment issue of up to 15 million kronor, subject to board approval at a meeting scheduled for Jan. 19, 2026. Nexam said net proceeds will be used to support the commercial expansion of its recycling business and to strengthen its financial flexibility.