Brief: Evolva Holding plans to raise CHF 80 million in two equity transactions

EvoNext Holdings SA

02/10/2017 06:01

Oct 2 (Reuters) - EVOLVA HOLDING SA  EVE.S : 
    * PROVIDES AN UPDATE ON STRATEGY AND MID-TERM OBJECTIVES 
    * ANNOUNCES PLANS TO RAISE APPROXIMATELY CHF 80 MILLION 
GROSS PROCEEDS IN TWO SEPARATE EQUITY TRANSACTIONS 
    * PLANS TO CARRY OUT A DISCOUNTED RIGHTS OFFERING IN EARLY 
NOVEMBER 2017 
    * FUNDS TO BE USED TO CONTINUE INVESTING IN RESEARCH AND 
DEVELOPMENT 
    * RIGHTS OFFERING SIZE WOULD BE SUCH THAT THE GROSS 
PROCEEDS OF THE TWO CAPITAL INCREASES AMOUNT TO APPROX CHF 80 
MILLION TOTAL 
    * PLANS TO POTENTIALLY RAISE DEBT FINANCING IN COMING MONTHS 
TO MEET ITS CONTRACTUAL OBLIGATIONS TO COMMERCIAL PARTNER, 
CARGILL 
 
Source text for Eikon:  ID:nTENcl2gza  
Further company coverage:  EVE.S  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))