Brief: Targovax: Contemplated Private Placement

Circio Holding ASA

14/10/2020 15:38

Oct 14 (Reuters) - Targovax ASA  TRVX.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATES A PRIVATE PLACEMENT OF UP TO NOK 75 MILLION
BY
ISSUING UP TO 10,344,828 NEW SHARES IN COMPANY
    * CONTEMPLATES A PRIVATE PLACEMENT REPRESENTING
APPROXIMATELY
13.6% OF ISSUED AND OUTSTANDING SHARE CAPITAL OF COMPANY
    * NET PROCEEDS FROM PRIVATE PLACEMENT AND EXISTING CASH IS
EXPECTED TO PROVIDE RUNWAY INTO Q1 2022
    * BOOKBUILDING PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE
TODAY,
ON 14 OCTOBER 2020, AT 16:30 HOURS (CEST) AND CLOSE ON 15
OCTOBER 2020 AT 08:00 HOURS (CEST)
    * PRIVATE PLACEMENT WILL BE DIRECTED TOWARDS NORWEGIAN AND
INTERNATIONAL INVESTORS
    * SUBSCRIPTION PRICE IN PRIVATE PLACEMENT IS NOK 7.25,
RESULTING
IN GROSS PROCEEDS OF APPROXIMATELY NOK 75 MILLION, SUBJECT TO
ALL OFFER SHARES BEING ISSUED
    * ADVOKATFIRMAET THOMMESSEN AS IS ACTING AS LEGAL ADVISOR TO
COMPANY IN CONNECTION WITH PRIVATE PLACEMENT.

Source text for Eikon:  ID:nWkr2bd2FS 
Further company coverage:  TRVX.OL 

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