Brief: BBS Arranges Rights Offering Of About Maximum EUR 2.9 Mln

BBS-Bioactive Bone Substitutes Oyj

05/06/2023 07:05

June 5 (Reuters) - BBS-Bioactive Bone Substitutes Oyj
 BONEH.HE :
    * BBS ARRANGES A RIGHTS OFFERING OF APPROXIMATELY MAXIMUM
EUR 2.9
MILLION
    * OFFERING CONSISTS OF A MAXIMUM OF 5,871,448 NEW SHARES
    * SUBSCRIPTION PRICE IS EUR 0.50 OR SEK 5.78 PER OFFER
SHARE.
    * ESTIMATE OF HOW PROCEEDS ARE INTENDED TO BE USED IS BASED
ON
ASSUMPTION THAT OFFERING WILL BE SUBSCRIBED IN FULL
    * ANTICIPATES THAT NET PROCEEDS RAISED THROUGH OFFERING WILL
BE
USED FOR EXECUTING COMPANY'S BUSINESS PLAN, STRENGTHENING
WORKING CAPITAL AND INVESTMENTS, AND MANAGING AND REPAYING LOANS
    * SUBSCRIPTION PERIOD FOR OFFER SHARES WILL COMMENCE ON 12
JUNE
2023 AT 10:00 FINNISH TIME , AND IT IS EXPECTED TO END ON 28
JUNE 2023 AT 16:00 FINNISH TIME

Source text for Eikon:  ID:nGNE9jgTLK 
Further company coverage:  BONEH.HE 

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