Brief: Forward Pharma announces planned distribution of EUR 19.45 per share to shareholders

Forward Pharma A/S

18/07/2017 13:05

July 18 (Reuters) - Forward Pharma A/S  FWP.O : 
    * Forward Pharma announces planned distribution of EUR 19.45 
per share to shareholders 
    * Forward Pharma A/S - plans to return EUR 19.45 per share 
amounting to a total of EUR 917.7 million to its shareholders 
through a capital reduction 
    * Forward Pharma A/S -  plans to complete capital reduction 
in early September 2017 
    * Forward Pharma - decision is based on careful evaluation 
of most appropriate capital allocation strategy after receipt of 
non-refundable $1.25 billion cash fee from Biogen 
    * Forward Pharma - capital reduction aligns amount of 
working capital with adjusted business activities following 
settlement and license agreement with Biogen 
    * Forward Pharma A/S -  shareholders representing over 
two-thirds of voting share capital have irrevocably agreed to 
vote in favor of capital reduction 
 
Source text for Eikon:  ID:nGNXOADSUa  
Further company coverage:  FWP.O  
 
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