Brief: BRAIN Biotech To Carry Out Cash Capital Increase

BRAIN Biotech AG

15/09/2021 16:43

Sept 15 (Reuters) - BRAIN BIOTECH AG  BNNn.DE :
    * RESOLVES ON A 10% CASH CAPITAL INCREASE FROM AUTHORISED
CAPITAL
WITH EXCLUSION OF STATUTORY SUBSCRIPTION RIGHTS.
    * TARGETED PROCEEDS OF APPROXIMATELY 19 MILLION EURO
    * TO ISSUE UP TO APPROXIMATELY 1.99 MILLION NEW SHARES
    * NEW SHARES WILL BE OFFERED FOR PURCHASE IN A PRIVATE
PLACEMENT
BY WAY OF AN ACCELERATED BOOKBUILDING
    * PRIVATE PLACEMENT WILL COMMENCE IMMEDIATELY AFTER
PUBLICATION OF
THIS ANNOUNCEMENT
    * FINAL OFFER PRICE OF NEW SHARES WILL BE ANNOUNCED UPON
COMPLETION OF BOOKBUILDING PROCESS EXPECTED TO BE ON 16
SEPTEMBER 2021

Source text for Eikon:  ID:nEQBqgCha 
Further company coverage:  BNNn.DE 

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