Tobii Announces Prospectus and Updated Financial Goals in Connection with Preferential Rights Issue

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Tobii AB (publ) (the “Company” or “Tobii”) announced on November 7, 2016 that the Board of Directors had resolved to, subject to the approval by an Extraordinary General Meeting, launch a preferential rights issue (the “Rights issue”) for large-scale initiatives on eye tracking in virtual reality and smartphones. The Rights Issue was approved by the Extraordinary General Meeting on November 30, 2016. In connection with the Rights Issue, the Board of Directors has prepared a prospectus, which has been approved and registered by the Swedish Financial Supervisory Authority (“SFSA”) and is now available Tobii’s website, and adopted updated financial goals.

Prospectus

The prospectus and the application form can be obtained from Tobii and Carnegie. The prospectus and the application form will also be available on Tobii’s website (www.tobii.com), Carnegie’s website (www.carnegie.se) and, within a few days, the SFSA’s website (www.fi.se).

Updated financial goals

The updated financial goals adopted by the Board of Directors in connection with the Rights Issue are linked to the Company’s updated business plan for large-scale initiatives on eye tracking in virtual reality and smartphones. The financial goals for Tobii Dynavox and Tobii Pro remain unchanged while the goal for Tobii Tech has been updated.

• Tobii Dynavox's long-term goal is to deliver revenue growth in excess of 10% per year and to reach an EBIT margin of 20%.
• Tobii Pro's long-term goal is to deliver revenue growth in excess of 15% per year and to reach an EBIT margin in excess of 15%.
• Tobii Tech's long-term goal is to be the leading provider of eye-tracking technology for integration into high-volume products.

Since the market for integration of eye tracking in volume products is at an early stage, the Company has chosen not to present a specific financial goal for Tobii Tech, but instead expresses a strategic long-term goal for the business unit's market position. This objective is complemented by the Company's assessment of market developments that are included in the prospectus prepared in connection with the Rights Issue.

The Board considers that the Company, with the proposed Rights Issue, is fully funded to implement the updated business plan.

Timetable

The Board of Directors has decided to extend the subscription period with two days. The dates for the rights issue are set out below.

| December 2, 2016 | Record date for the preferential rights issue, i.e. holders of shares who are registered in the share register on this date will receive subscription rights for participation in the preferential rights issue | | ---------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | December 2, 2016 | Publication of the prospectus | | December 6 – December 20, 2016 | Trading with subscription rights | | December 6 – December 22, 2016 | Subscription period | | December 29, 2016 | Estimated date for announcement of outcome of the preferential rights issue |

Advisors in connection with the preferential rights issue

Carnegie Investment Bank AB is financial advisor to Tobii and Baker & McKenzie Advokatbyrå KB is legal advisor in connection with the Rights Issue.

This information is information that Tobii AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on December 2, 2016, at 8:00 a.m. CET.