Brief: CirChem To Carry Out Rights Issue Of About SEK 41.3 Mln

CirChem AB

18/01/2023 06:43

Jan 18 (Reuters) - CirChem AB  CIRCHE.ST :
    * SAID ON TUESDAY CIRCHEM INTENDS TO CARRY OUT A RIGHTS
ISSUE OF
ABOUT SEK 41.3 MILLION GUARANTEED TO 70 PERCENT
    * BOARD OF DIRECTORS OF CIRCHEM HAS TODAY DECIDED TO CARRY
OUT A
NEW SHARE ISSUE OF A MAXIMUM OF 13,753,028 SHARES WITH
PREFERENTIAL RIGHTS FOR THE COMPANY'S EXISTING SHAREHOLDERS 
    * RIGHTS ISSUE AT A SUBSCRIPTION PRICE OF SEK 3.0
    * RIGHTS ISSUE IS GUARANTEED TO 70 PERCENT
    * PROCEEDS FROM THE RIGHTS ISSUE WILL FINANCE SCALING UP AND
CAPACITY BUILDING OF THE FACILITY IN VARGÖN, STRENGTHEN THE
COMPANY'S BALANCE SHEET 
    * SUBSCRIPTION PERIOD FOR THE RIGHTS ISSUE RUNS BETWEEN
FEBRUARY
8, 2023 THROUGH FEBRUARY 22, 2023
    * IN ORDER TO ENSURE THE SUBSCRIPTION RATE OF THE UPCOMING
RIGHTS
ISSUE OF ABOUT SEK 41.3 MILLION, THE BOARD OF CIRCHEM AB HAS
ALSO ENTERED INTO AN AGREEMENT FOR A SO-CALLED TOP GUARANTEE OF
UP TO 85 PERCENT SUBSCRIPTION IN THE RIGHTS ISSUE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN68zRbk  urn:newsml:reuters.com:*:nMFN2j88TZ
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