THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE ANNOUNCEMENT, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD NOT COMPLY WITH APPLICABLE LAWS AND REGULATIONS. The Board of Aspiro AB (publ) (“Aspiro” or the “Company”) has determined the terms for the Company’s rights issue that was announced on 29 June 2012 (the “Rights Issue”). For every share held on the record date the holder will receive two (2) subscription rights. Three (3) subscription rights entitle the holder to subscribe for one (1) new share. The subscription price has been set at SEK 0.75 per share, which means that the Rights Issue will raise a maximum of approximately SEK 103 million, before the costs for the Rights Issue, through the issuance of no more than 137,506,677 new shares, resulting in an increase of the share capital of not more than SEK 92,038,719.1832.[1] (http://connect.ne.cision.com#_ftn1) The record date at the Swedish Securities Register Center, Euroclear Sweden AB, for participation in the Rights Issue is 16 August 2012. This means that the Aspiro share will trade excluding pre-emptive rights to participate in the Rights Issue from and including 14 August 2012. The subscription period runs from and including 20 August up to and including 3 September 2012, or such later date as decided by the Board. If not all shares are subscribed for through the exercise of subscription rights, the Board shall, within the limit of the highest amount of the Rights Issue, decide on allotment of shares without the exercise of subscription rights, whereby such shares shall firstly be allotted those who have subscribed for shares exercising subscription rights, regardless whether they were shareholders on the record date, pro rata in relation to the number of subscription rights that each one has exercised for subscription, and secondly be allotted to others who have applied for subscription of shares without subscription rights, pro rata in relation to the number of shares they have applied for. The Rights Issue is subject to approval by the Extraordinary General Meeting (EGM) to be held at 12:00 CET on 13 August 2012 at Mannheimer Swartling Advokatbyrås offices at Norrlandsgatan 21 in Stockholm, Sweden. Please see previous press release regarding notice to the EGM for further information Subscription undertakings Streaming Media AS, the Company’s largest shareholder with 74 percent of the shares, has undertaken to subscribe for its pro rata-share of the Rights Issue. Preliminary time table 13 August 2012 Extraordinary General Meeting 14 August 2012 First day of trading in the share without the right to participate in the Rights Issue 15 August 2012 Estimated date for publication of the prospectus 16 August 2012 Record date, i.e. registered shareholders will obtain subscription rights that gives the right to participate in the Rights Issue 20 August-29 August 2012 Trading in subscription rights 20 August-3 September 2012 Subscription period Around 6 September 2012 The outcome of the Rights Issue is announced End of September 2012 The Rights Issue is completed Advisors Pareto Öhman AB is financial advisor and Mannheimer Swartling is legal advisor to Aspiro in connection with the Rights Issue. For further information, please contact: Gunnar Sellæg, CEO, +47 90 18 15 28 This press release contains information that Aspiro is required to announce pursuant to the Swedish Securities Market Act (2007:528). The information was submitted for publication 8.00 AM, 10 August 2012. About Aspiro Aspiro has a unique position as the world’s only provider of complete TV and music streaming services for partners that want to put their own brands on the service. Aspiro also provides the music streaming service WiMP directly to consumers on selected markets. Aspiro has more than ten years’ experience within the provision of mobile services to consumers in northern Europe. Services are delivered to partners worldwide like Deutsche Telekom, Telenor, 3 and Canal Digital. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm. IMPORTANT INFORMATION This press release is not an offer or solicitation to acquire shares in Aspiro. A prospectus relating to the Rights Issue referred to in this press release will be filed with the Swedish Financial Supervisory Authority. After approval and registration of the prospectus by the Swedish Financial Supervisory Authority, the prospectus will be published and made available on inter alia Aspiro’s website. This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. Aspiro does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The information in this press release may not be announced, published or distributed, directly or indirectly, to the United States, Canada, Australia, Singapore, South Africa, Switzerland, Japan or Hong Kong or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations. ---------------------------------------------------------------------- [1] (http://connect.ne.cision.com#_ftnref1) The Board’s resolution on the Rights Issue is conditional on the general meeting approving the Board’s proposal to alter the articles of association and the Board’s proposal to reduce the share capital to cover losses. After the reduction of the share capital, the Company’s share capital will amount to SEK 138,058,073.94 and the ratio value of each share will amount to SEK 0.66934. The Board’s complete proposals are available at the Company’s website: www.aspiro.se
Terms for Aspiro’s rights issue set
| Source: Aspiro AB