Brief: RNB Resolves Guaranteed Rights Issue Of SEK 85 Mln

Coala-Life AB (publ)

30/09/2019 06:35

Sept 30 (Reuters) - Rnb Retail and Brands AB (publ)
 RNBS.ST :
    * RNB RESOLVES A GUARANTEED RIGHTS ISSUE OF 85 MSEK AND
EXTENDS
MATURITY DATE FOR THE BOND WITH TWO YEARS
    * SUBSCRIPTION PRICE IS SEK 1.25 SEK PER SHARE
    * ONE EXISTING SHARE IN COMPANY GIVES RIGHT TO SUBSCRIBE FOR
TWO
NEW SHARES
    * RIGHTS ISSUE WILL RAISE APPROXIMATELY MSEK 84.8.
    * RESOLVED UPON AN IMPAIRMENT GOODWILL OF MSEK -65 FOR
BUSINESS
AREA DEPARTMENTS & STORES.
    * NON-CASH IMPAIRMENT WRITE-DOWN WILL IMPACT RESULT FOR Q4
OF
2018/19.
    * OPERATING PROFIT FOR 2018/19, EXCLUDING GOODWILL
IMPAIRMENT, IS
TO AMOUNT TO BETWEEN MSEK -45 AND -49
    * RESTRUCTURING COSTS FOR FULL YEAR AMOUNTS TO MSEK 27.
    * EBITDA EXCLUDING RESTRUCTURING COSTS IS ESTIMATED TO
AMOUNT TO
BETWEEN 25 AND 29 MSEK FOR FULL YEAR.

Source text for Eikon:  ID:nWkr1Bb8mv 
Further company coverage:  RNBS.ST 

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