Brief: Clavister Board Proposes New Issues Of About SEK 234 Million

Clavister AB

22/09/2020 07:06

Sept 22 (Reuters) - Clavister Holding AB  CLAVI.ST :
    * THE BOARD OF DIRECTORS OF CLAVISTER PROPOSES NEW ISSUES OF
SHARES OF APPROXIMATELY SEK 234 MILLION.
    * CO PROPOSES EXTRAORDINARY GENERAL MEETING TO RESOLVE ON A
RIGHTS
ISSUE FOR EXISTING SHAREHOLDERS AMOUNTING TO AROUND SEK 149.7
MILLION AND A DIRECTED ISSUE AMOUNTING TO AROUND SEK 54 MILLION
    * IF RIGHTS ISSUE IS OVERSUBSCRIBED, BOARD MAY DECIDE ON AN
OVER
SUBSCRIPTION OPTION WHICH, ON FULL SUBSCRIPTION, CONTRIBUTES
APPROXIMATELY SEK 30 MILLION TO COMPANY
    * IF RIGHTS ISSUE IS FULLY SUBSCRIBED FOR, THERE IS FULL
UTILISATION OF OVERSUBSCRIPTION OPTION AND DIRECTED ISSUE IS
FULLY SUBSCRIBED FOR, CO WILL BE PROVIDED WITH AROUND SEK 234
MILLION, BEFORE DEDUCTION OF COSTS RELATED TO ISSUES
    * SUBSCRIPTION PRICE IS SEK 7.00 PER SHARE
    * SUBSCRIPTION PERIOD IS NOVEMBER 3-17, 2020
    * INTENDS TO USE PROCEEDS FROM RIGHTS ISSUE MAINLY FOR SALES
AND
MARKETING TO ACCELERATE GROWTH COMBINED WITH INCREASED WORKING
CAPITAL, AS WELL AS TO STRENGTHEN BALANCE SHEET

Source text for Eikon:  ID:nWkr9gbsBy 
Further company coverage:  CLAVI.ST 

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