Storytel announced after the close of trading yesterday that the company planned to take in half a billion from major investors during the evening and night.

the capital Funding would be through a so-called accelerated book building.

more than fifty investors have subscribed in the share issue, which most of the larger institutional existing shareholders.

the Capital will be used to among other things, meet the company's accelerated investment in geographic expansion, both in existing markets and in new regions Latin america and Asia, writes Storytel in a press release.

Storytel will now issue more than 4.3 million shares, equivalent to a dilution of 7.8 per cent, and the company is thus in a total of approximately sek 500 million.

the subscription price landed at sek 115 per share, which implies a discount of 3.4 per cent compared with Wednesday's closing price.

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