Brief: Better Collective Resolves On Directed Share Sale Of 3.1 Mln Shares

Better Collective A/S

16/09/2020 07:16

Sept 16 (Reuters) - Better Collective A/S  BETCO.ST :
    * MAJORITY SHAREHOLDERS RESOLVED ON DIRECTED SHARE SALE OF
3.1
MILLION SHARES
    * TRANSACTION AMOUNTED TO SEK 406 MILLION BEFORE TRANSACTION
COSTS
    * SHARE SALE AT PRICE OF SEK 131.00 PER SHARE
    * TRANSACTION WAS COVERED PRIOR TO LAUNCH DUE TO HIGH DEMAND
FROM
NORDIC AND INTERNATIONAL INSTITUTIONAL INVESTORS
    * CEO, COO SAY BY REALISING SMALL PART OF OUR HOLDINGS WE
GET
SUPPORT OF MORE STRONG INSTITUTIONAL INVESTORS
    * CEO, COO SAY REMAIN COMMITTED TO THEIR POSITIONS IN CO AND
AS
PRINCIPAL SHAREHOLDERS WITH >40% COMBINED HOLDING

Source text for Eikon:  ID:nNDL3CZVmN 
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