Brief: Eastnine Explores The Conditions For Selling Up To One Million Treasury Shares

Eastnine AB (publ)

18/11/2020 16:34

Nov 18 (Reuters) - Eastnine AB (publ)  EAST9.ST :
    * EASTNINE EXPLORES THE CONDITIONS FOR SELLING UP TO ONE
MILLION
TREASURY SHARES
    * HAS APPOINTED ABG SUNDAL COLLIER TO EXPLORE CONDITIONS FOR
SELLING UP TO ONE (1) MILLION TREASURY SHARES THROUGH AN
ACCELERATED BOOK BUILDING PROCEDURE
    * THE TOTAL NUMBER OF TREASURY SHARES THAT COMPANY MAY
TRANSFER
AND PRICE PER SHARE WILL BE DETERMINED THROUGH BOOK BUILDING
PROCEDURE
    * SAYS THE TRANSACTION IS SUBJECT TO A RESOLUTION BY BOARD
OF
DIRECTORS OF EASTNINE BY VIRTUE OF AUTHORISATION FROM ANNUAL
GENERAL MEETING ON 12 MAY 2020.
    * SAYS INTENDS TO USE PROCEEDS FROM SALE OF TREASURY SHARES
TO
CONTINUE GROWING THROUGH PROPERTY ACQUISITIONS ON COMPANY'S CORE
MARKETS.

Source text for Eikon:  ID:nWkrbV3sKz 
Further company coverage:  EAST9.ST 

 (Reporting by Colm Fulton)
 ((Colm.Fulton@thomsonreuters.com;))