Brief: Asit Biotech Raises EUR 9.23 Bln In Bond Private Placement

European Medical Solutions SA

22/07/2019 16:59

July 22 (Reuters) - Asit Biotech SA  ASIT.BR :
    * ASIT BIOTECH RAISES EUR 9.225 MILLION IN A PRIVATE PLACEMENT OF
CONVERTIBLE
NOTES
    * ASIT BIOTECH INTENDS TO USE NET PROCEEDS OF TRANSACTION FOR CLINICAL
DEVELOPMENT
OF ITS PRODUCT CANDIDATES
    * FIRST PART (EUR 5.025 MILLION) IS PAID-UP AT ISSUANCE TO COVER CASH NEEDS
TO END
OF 2019
    * SECOND PART (EUR 4.2 MILLION) SHALL BE PAID-UP UPON PUBLICATION OF ALL
SATISFACTORY PRIMARY ENDPOINTS FROM THIS ONGOING PHASE III STUDY
    * MATURITY DATE OF CONVERTIBLE NOTES IS DECEMBER 31, 2020, AND NOTES BEAR AN
INTEREST RATE OF 3% PER ANNUM
    * NEW SHARES WILL HAVE A LOCK-UP PERIOD OF 6 MONTHS
    * BOOK BUILDING PROCEDURE WAS ORGANIZED BY THE COMPANY AND BRYAN, GARNIER &
CO
LIMITED AS BOOKRUNNER

Source text for Eikon:  ID:nGNXb5Kx0x 
Further company coverage:  ASIT.BR 

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