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BRETEC Bioretec Oy News Story

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Brief: Bioretec Announces Preliminary Results From Rights Issue

April 23 (Reuters) - Bioretec Oy BRETEC.HE:

INSIDE INFORMATION: PRELIMINARY RESULT OF BIORETEC LTD'S RIGHTS ISSUE

TO RECEIVE GROSS PROCEEDS OF EUR 12.9 MILLION FROM OFFERING

SHARES NOT SUBSCRIBED FOR WERE SUBSCRIBED FOR PURSUANT TO UNDERWRITING COMMITMENT GIVEN BY STEPHEN INDUSTRIES INC OY

WILL PAY STEPHEN INDUSTRIES INC OY FEE OF ABOUT 7.5% FOR UNDERWRITING COMMITMENT

VOTING PERCENTAGE OF STEPHEN INDUSTRIES INC OY, AND INDIRECTLY CHAIR OF BOARD, KUSTAA POUTIAINEN, IS EXPECTED TO EXCEED 30% THRESHOL

STEPHEN INDUSTRIES INC OY WAS GRANTED PERMANENT EXEMPTION FROM OBLIGATION TO LAUNCH  MANDATORY BID

Source text: ID:nWkr6WwdLt

Further company coverage: BRETEC.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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