Brief: Duell Considers Rights Issue To Ensure Further Execution Of Strategy

Duell Oyj

09/10/2023 07:08

Oct 9 (Reuters) - Duell Oyj  DUELL.HE :
    * CONSIDERING RIGHTS ISSUE TO STRENGTHEN BALANCE SHEET AND
TO
ENSURE FURTHER EXECUTION OF STRATEGY
    * ACCORDING TO PRELIMINARY PLANS, SIZE OF POTENTIAL OFFERING
WOULD
BE UP TO ABOUT EUR 20 MILLION
    * OPERATING ENVIRONMENT HAS RECENTLY CHANGED SIGNIFICANTLY
DUE TO
INCREASED INFLATION, DECREASED CUSTOMER DEMAND, LOWER MARKET
ACTIVITY
    * COMPLETION AND TIMING OF OFFERING IS DEPENDENT ON MARKET
SITUATION
    * HAS NOT MADE ANY DECISIONS REGARDING COMPLETION OF
OFFERING,
THERE IS NO CERTAINTY ABOUT COMPLETION, TIMING FOR COMPLETION OR
TERMS AND CONDITIONS
    * COMPLETION IS CONDITIONAL ON, AMONG OTHERS, SHARE ISSUE
AUTHORIZATION FROM GENERAL MEETING OF SHAREHOLDERS, PUBLICATION
OF PROSPECTUS APPROVED BY FINNISH FINANCIAL SUPERVISORY
AUTHORITY AND SUFFICIENT SUPPORT FROM SHAREHOLDERS TO COMPLETE
OFFERING


Further company coverage:  DUELL.HE 

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