Brief: 2curex To Issue 7.5 Mln Shares To Kinled, Sell Unit In Denmark

2cureX AB

18/06/2024 07:44

June 18 (Reuters) - 2cureX AB  2CUREX.ST :
    * SAID ON MONDAY IT INDENDS TO EXECUTE DIRECTED ISSUE OF 7.5
MILLION SHARES TO CONSORTIUM LED BY KINLED GROUP,
HONG-KONG-BASED PRIVATE INVESTMENT COMPANY
    * FUNDS RAISED WILL BE USED TO ESTABLISH NOVEL COMMERCIAL
MODEL
AIMED AT PROVIDING FUNCTIONAL PRECISION ONCOLOGY SERVICES
    * SECURED LOAN OF 3 MILLION EUROS FROM CONSORTIUM TO FURTHER
DEVELOP 2CUREX AB WITHIN FUNCTIONAL PRECISION ONCOLOGY
    * WILL ABORT DELISTING PROCESS AND WILL CONTINUE TO HAVE
SHARES
TRADED ON NASDAQ FIRST NORTH GROWTH MARKET IN STOCKHOLM
    * RECEIVED AND ACCEPTED OFFER TO SELL DANISH SUBSIDIARY,
2CUREX
A/S, TO CONSORTIUM COMPRISING CURRENT SHAREHOLDERS OF 2CUREX AB
AND KINLED GROUP
    * RESOLVED TO DISTRIBUTE PROCEEDS FROM SALE OF 2CUREX A/S
PROPORTIONALLY TO ALL 2CUREX AB SHAREHOLDERS
    * SALE PRICE IS SET AT VWAP FOR 2CUREX AB OF PRECEDING 10
TRADING
DAYS, PLUS 10% PREMIUM, AMOUNTING TO 0.32 SEK PER SHARE
        
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