Brief: Biofrontera Announces Reduction Of Biofrontera AG Shareholding To Less Than 50%

Biofrontera

30/12/2021 14:23

Dec 30 (Reuters) - Biofrontera Inc  BFRI.O :
    * BIOFRONTERA INC. ANNOUNCES REDUCTION OF BIOFRONTERA AG
SHAREHOLDING TO LESS THAN 50% THROUGH WARRANT EXERCISES
    * BIOFRONTERA INC - THROUGH EXERCISE OF OUTSTANDING WARRANTS
MAJORITY OWNERSHIP OF BIOFRONTERA AG WAS DILUTED BELOW 50%
    * BIOFRONTERA - BIOFRONTERA AG'S SHAREHOLDING IN BIOFRONTERA
INC
OF 8 MILLION SHARES IS UNCHANGED, NOW REPRESENTS ABOUT 47% OF
CURRENTLY OUTSTANDING SHARES
    * BIOFRONTERA INC - BIOFRONTERA INC. IS NO LONGER CONSIDERED
A
SUBSIDIARY OF BIOFRONTERA AG
    * BIOFRONTERA INC - NOT AFFECTED BY REDUCTION OF BIOFRONTERA
AG
SHAREHOLDING WILL BE BIOFRONTERA AG'S POSITION AS LICENSOR FOR
LSA WITH CO

Source text for Eikon:  ID:nGNX1jMTTp 
Further company coverage:  BFRI.O 

 ((Reuters.Briefs@thomsonreuters.com;))