Sparta Rotterdam complete important deal keeping loanee at Het Kasteel
As per VoetbalPrimeur, Sparta Rotterdam have made a major move on the transfer market, making Nökkvi Thórisson's loan move permanent. The Rotterdammers have officially exercised the purchase option from the initial loan agreement with St. Louis City in the winter window.
The Icelandic Thórisson has signed a contract with Sparta until mid-2028. It is not clear how much the club have paid for the 25-year-old striker. What is clear, however, is that technical director Gerard Nijkamp is very happy with the move.
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'In the past six months, Nökkvi's loan spell has been very good for both us and him. In the conversations we had, it quickly became clear that he was happy at Sparta and that we both wanted to continue working together for a longer period of time.'
Thórisson played twelve Eredivisie matches for Sparta in recent months, scoring two goals in the process. The forward is one of the many players who played on loan under coach Maurice Steijn this season.
While Thórisson stays, Carel Eiting, Kristian Hlynsson, Gjivai Zechiël and Mitchell van Bergen will all return to their parent clubs.
GBeNeFN | Max Bradfield
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Alvotech intends to carry out a private placement of approximately 7.5 million SDRs and ordinary shares
THIS PRESS RELEASE MAY NOT BE DISTRIBUTED, RELEASED, OR PUBLISHED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA , AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO 'IMPORTANT INFORMATION' IN THE END OF THIS PRESS RELEASE. Alvotech (NASDAQ: ALVO, the 'Company') announces its intention to, subject to market and other conditions, carry out a private placement of approximately 7.5 million Swedish Depository Receipts ('SDRs') and ordinary shares, directed to Swedish and international institutional investors through an accelerated bookbuilding procedure (the 'Placement'), starting immediately. The SDRs and ordinary shares in the Placement will be made available through existing treasury shares held by Alvotech. The Company has retained DNB Carnegie and Citi to act as Joint Global Coordinators and Joint Bookrunners, and SEB and ACRO to act as Joint Bookrunners (together the 'Joint Bookrunners') in connection with the Placement. The Placement The price and the total number of SDRs and ordinary shares offered in the Placement will be determined through an accelerated bookbuilding procedure (the 'Bookbuilding'), which will be conducted by DNB Carnegie, Citi, SEB and ACRO, and which will commence immediately after the publication of this press release. The completion of the Bookbuilding, pricing and allotment of SDRs and ordinary shares in the Placement is expected to take place before trading commences on Nasdaq Stockholm at 09:00 CEST on June 5, 2025. The timing of the closing of the Bookbuilding, pricing, and allotment will be determined by the Company and the Company may at any time resolve to shorten, extend, or suspend as well as refrain, wholly or partially, from carrying out the Placement. The Company will announce the outcome of the Placement through a press release after the closing of the Bookbuilding. Alvotech's Board of Directors has assessed that the Placement will further broaden and strengthen the Company's shareholder base with institutional investors, especially in Sweden where the Company has recently listed SDRs on the Nasdaq Stockholm exchange and that the free float of SDRs could increase significantly. Net proceeds of the Placement are intended to be used for accelerating Alvotech's R&D activities, especially in Sweden after the recently closed acquisition of the R&D operations of Xbrane, allowing Alvotech to continue expanding its valuable pipeline and capitalize on growth opportunities, as well as for general corporate purposes. Investors can acquire SDRs listed on Nasdaq Stockholm or ordinary shares listed on Nasdaq Iceland ('Icelandic Shares'). For those investors that request Icelandic Shares, payment will be required in ISK based on a SEK price per SDR that is converted from SEK to ISK, using the mid-rate on the day of books close and based on the exchange rate published by the Swedish Central Bank (Sw. Sveriges Riksbank). The price and the total number of SDRs and ordinary shares offered in the Placement will be determined through the Bookbuilding and it is the Board of Directors assessment that the subscription price therefore will be considered to be on market terms, reflecting prevailing market conditions and investor demand. Lock-up undertakings The Company has undertaken, subject to certain conditions and customary exceptions and provided that the Placement is completed, not to issue, sell, or otherwise transfer or dispose of additional SDRs, ordinary shares, or other securities in the Company without the consent of DNB Carnegie and Citi, acting on behalf of SEB and ACRO, for a period of 180 days following the settlement of the Placement. 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Advisors DNB Carnegie Investment Bank AB (publ) ('DNB Carnegie') and Citigroup Global Markets Limited ('Citi') have been appointed as Joint Global Coordinators and Joint Bookrunners, and Skandinaviska Enskilda Banken AB (publ) ('SEB') and ACRO Securities HF ('ACRO') have been appointed as Joint Bookrunners in relation to the Placement. Cirio Advokatbyrå AB and Westerberg & Partners are legal advisors to the Company as to Swedish law, Arendt & Medernach SA is legal advisor to the Company as to Luxembourg law, BBA//Fjeldco is legal advisor to the Company as to Icelandic law and Cooley LLP is legal advisor to the Company as to U.S. law. Linklaters Advokatbyrå is legal advisor to the Joint Bookrunners as to Swedish law and Linklaters LLP is legal advisor to the Joint Bookrunners as to US law. For further information, please contact: ALVOTECH INVESTOR RELATIONS AND GLOBAL COMMUNICATIONSBenedikt Stefansson, This constitutes information that Alvotech is legally obliged to publish under the EU's Market Abuse Regulation. The information was released for publication, through the agency of the contact person above, at the date and time shown by the dateline of the release. About Alvotech Alvotech is a biotech company, founded by Robert Wessman, focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high-quality, cost-effective products and services, enabled by a fully integrated approach and broad in-house capabilities. Two biosimilars, to Humira® (adalimumab) and Stelara® (ustekinumab), are already approved and marketed in multiple global markets. The current development pipeline includes nine disclosed biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Alvotech has formed a network of strategic commercial partnerships to provide global reach and leverage local expertise in markets that include the United States, Europe, Japan, China, and other Asian countries and large parts of South America, Africa and the Middle East. Alvotech's commercial partners include Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (U.S.), STADA Arzneimittel AG (EU), Fuji Pharma Co., Ltd (Japan), Advanz Pharma (EEA, U.K., Switzerland, Canada, Australia and New Zealand), Dr. Reddy's (EEA, U.K. and U.S.), Biogaran (France), Cipla/Cipla Gulf/Cipla Med Pro (Australia, New Zealand, South Africa/Africa), JAMP Pharma Corporation (Canada), Yangtze River Pharmaceutical (Group) Co., Ltd. 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Important information The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions by law. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release is for information purposes only and does not constitute an offer to sell or an offer, or the solicitation of an offer, to acquire or subscribe for SDRs, shares or other securities issued by the Company, neither by the Company or anyone else, in any jurisdiction where such offer or invitation would be illegal prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. 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