Brief: Biogaia Intends To Carry Out Directed Share Issue Of Up To SEK 1.1 Billion

Biogaia AB

30/10/2020 12:32

Oct 30 (Reuters) - Biogaia AB  BIOGb.ST :
    * BIOGAIA INTENDS TO CARRY OUT A DIRECTED SHARE ISSUE OF UP
TO SEK
1.1 BILLION
    * INTENTION TO CARRY OUT A DIRECTED ISSUE OF NEW CLASS B
SHARES
CORRESPONDING TO A VALUE OF UP TO SEK 1.1 BILLION TO SWEDISH AND
INTERNATIONAL INSTITUTIONAL INVESTORS
    * PRICING AND ALLOCATION OF NEW SHARES IS EXPECTED TO TAKE
PLACE
BEFORE COMMENCEMENT OF TRADING ON NASDAQ STOCKHOLM AT 09.00 CET
ON 2 NOVEMBER 2020
    * INTENDS TO USE NET PROCEEDS FROM DIRECTED ISSUE TO
ACCELERATE
BIOGAIA'S GROWTH AGENDA TO BE ABLE TO ACT SWIFTLY ON POTENTIAL
FUTURE ACQUISITIONS INCLUDING MINORITY INVESTMENTS

Source text for Eikon:  ID:nWkrbbYNHz 
Further company coverage:  BIOGb.ST 

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