Brief: Ferroamp Is Investigating Conditions For Carrying Out Directed New Share Issue

Ferroamp AB (publ)

10/09/2020 06:52

Sept 10 (Reuters) - Ferroamp Elektronik AB  FERRO.ST :
    * SAID ON WEDNESDAY HAS COMMISSIONED ABG SUNDAL COLLIER AB
TO
INVESTIGATE THE CONDITIONS FOR CARRYING OUT A DIRECTED CASH
ISSUE OF ABOUT 2 MILLION SHARES THROUGH AN ACCELERATED
BOOKBUILDING PROCEDURE
    * PRIVATE PLACEMENT OF 2,042,349 SHARES WAS CARRIED OUT WITH
DEVIATION FROM EXISTING OWNERS' PREFERENTIAL RIGHTS FOLLOWING A
DECISION BY CO'S BOARD WITH SUPPORT OF THE AUTHORIZATION FROM
AGM ON MAY 14, 2020
    * SUBSCRIPTION PRICE OF SEK 50.00 PER SHARE IN THE PRIVATE
PLACEMENT WAS DETERMINED THROUGH AN ACCELERATED BOOKBUILDING
PROCEDURE LED BY ABGSC
    * PRIVATE PLACEMENT WILL PROVIDE CO WITH A PAYMENT OF SEK
102
MILLION BEFORE DEDUCTIONS FOR TRANSACTION COSTS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN9ggq7z
    
 Further company coverage:  FERRO.ST  
   


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