Brief: AB Science Announces 4.5 Million Euros Financing Via OCABSA Issuance

AB Science SA

29/10/2020 08:31

Oct 29 (Reuters) - AB SCIENCE SA  ABS.PA :
    * AB SCIENCE ANNOUNCES A FINANCING OF 4.5 MILLION EUROS
THROUGH
THE ISSUANCE OF BONDS CONVERTIBLE INTO NEW ORDINARY SHARES
    * SETTLEMENT DELIVERY OF OCABSA WILL HAPPEN AT LATEST ON
NOVEMBER
6, 2020
    * 90,000 OCABSA WILL BE ISSUED, REPRESENTING A NOMINAL VALUE
OF
4.5 MILLION EUROS
    * IT WILL REINFORCE CASH POSITION OF AB SCIENCE FOR
DEVELOPMENT OF
ITS CLINICAL RESEARCH PROGRAM
    * OCABSA WILL BE ISSUED THROUGH A PRIVATE PLACEMENT WITHOUT
PREFERENTIAL SUBSCRIPTION RIGHT FOR EXISTING SHAREHOLDERS

Source text for Eikon:  ID:nGNE3lX7f4 
Further company coverage:  ABS.PA 

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