Brief: Bio-Works Technologies Raises About SEK 30 Mln In Directed Share Issue

Bio-Works Technologies AB

03/10/2023 07:43

Oct 3 - BIO-WORKS TECHNOLOGIES AB  BIOWKS.ST :
    * SAID ON MONDAY THE BOARD OF DIRECTORS OF BIO-WORKS
TECHNOLOGIES
AB HAS RESOLVED TO ISSUE 3,517,644 NEW SHARES AT A SUBSCRIPTION
PRICE OF SEK 8.50 PER SHARE
    * COMPANY RECEIVES ABOUT SEK 30 MILLION BEFORE TRANSACTION
RELATED
COSTS
    * SUBSCRIPTION PRICE CORRESPONDS TO A DISCOUNT OF ABOUT
1.60%
COMPARED TO THE VOLUME-WEIGHTED AVERAGE PRICE DURING THE PERIOD
FROM AND INCLUDING SEPTEMBER 19, 2023, TO AND INCLUDING OCTOBER
2, 2023, AND A PREMIUM OF ABOUT 3.16% COMPARED TO THE CLOSING
PRICE OF THE SHARE ON OCTOBER 2, 2023
    * IN RELATION TO THE ANNOUNCED COST SAVINGS INITIATIVE,
COMPANY
ALSO COMMUNICATES A TARGET TO ENHANCE THE COST REDUCTION TO
ABOUT SEK 2 MILLION ON A MONTHLY BASIS WITH FULL EFFECT IN
JANUARY 2024

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN98N4Sl
 Further company coverage:  BIOWKS.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))