Brief: Dustin BOD Approves SEK 1,750 Mln Rights Issue

Dustin AB

11/10/2023 07:39

Oct 11 (Reuters) - Dustin Group AB  DUST.ST :
    * THE BOARD OF DIRECTORS OF DUSTIN RESOLVES ON A FULLY
GUARANTEED
RIGHTS ISSUE OF APPROXIMATELY SEK 1,750 MILLION TO REDUCE NET
DEBT AND SUPPORT CONTINUED PROFITABLE GROWTH
    * SUBSCRIPTION PERIOD IS EXPECTED TO RUN FROM AND INCLUDING
NOVEMBER 16, 2023, UP TO AND INCLUDING NOVEMBER 30, 2023
    * TO ENSURE A FLEXIBLE AND OPTIMISED CAPITAL STRUCTURE AND
STRENGTHEN BALANCE SHEET BY REDUCING NET DEBT
    * LARGEST SHAREHOLDER AXEL JOHNSON HAS UNDERTAKEN TO
EXERCISE ITS
PREFERENTIAL RIGHTS IN RIGHTS ISSUE

Source text for Eikon:  ID:nWkr4PZKhC 
Further company coverage:  DUST.ST 

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