Brief: Aqua Bio Technology: Contemplated Private Placements Of NOK 12.6 Mln

Aqua Bio Technology ASA

18/08/2020 06:57

Aug 18 (Reuters) - Aqua Bio Technology  AQUB.OL :
    * SAID ON MONDAY CONTEMPLATED PRIVATE PLACEMENTS OF NOK 12.6
MILLION
    * RECEIVED BINDING PRE-COMMITMENTS TO SUBSCRIBE FOR
2,100,000 NEW
SHARES FOR GROSS PROCEEDS OF NOK 10.5 MILLION IN A CONDITIONAL
PRIVATE PLACEMENT OF NOK 10.5 MILLION
    * IN ADDITION, CO ALSO RECEIVED BINDING PRE-COMMITMENTS TO
SUBSCRIBE FOR 426,000 NEW SHARES FOR GROSS PROCEEDS OF NOK 2.13
MILLION FROM NEW KEY EMPLOYEES AND BOARD MEMBERS
    * OFFER PRICE IN BOTH PRIVATE PLACEMENTS IS OF NOK 5 PER
SHARE
    * IN ORDER TO REDUCE THE DILUTION RESULTING FROM THE
ISSUANCE OF
THE NEW SHARES, THE BOARD WILL LAUNCH A SUBSEQUENT OFFERING OF
NEW SHARES AT A SUBSCRIPTION PRICE OF NOK 5 PER OFFER SHARE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbxxcvx
    
 Further company coverage:  AQUB.OL  
   


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