Brief: Enedo To Carry Out Rights Issue, Private Placement Of Total Of EUR 12 Mln

Enedo Oyj

11/03/2021 14:02

March 11 (Reuters) - Enedo Oyj  ENEDO.HE :
    * REG-ENEDO’S BOARD OF DIRECTORS HAS DECIDED ON A RIGHTS ISSUE AND DIRECTED ISSUE AND IS
PUBLISHING THE TERMS AND CONDITIONS
    * TO OFFER A MAXIMUM OF 25,090,458 NEW SHARES IN ACCORDANCE WITH SHAREHOLDERS' PRE-EMPTIVE
RIGHTS
AND A MAXIMUM OF 35,000,000 NEW SHARES
    * AIMS TO RAISE GROSS PROCEEDS TOTALLING EUR 12 MILLION THROUGH ISSUES.
    * ISSUES RELATE TO COMPANY'S LOAN ARRANGEMENT OF EUR 8.6 MILLION ANNOUNCED ON 16 FEBRUARY
2021,
    * WILL PAY BACK EUR 5.3 MILLION OF THESE LOANS AND A TOTAL OF EUR 3.3 MILLION OF LOANS WILL
BE
CANCELLED
    * SUBSCRIPTION PRICE IS EUR 0.20 PER OFFER SHARE AND DIRECTED SHARE
    * SUBSCRIPTION PERIOD FOR OFFER SHARES AND DIRECTED SHARES WILL COMMENCE ON 18 MARCH 2021 AT
10:00
A.M. AND EXPIRE ON 1 APRIL

Source text for Eikon:  ID:nGNE5lsTQN 
Further company coverage:  ENEDO.HE 

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