Brief: Fragbite Group Decides On Rights Issue Of About SEK 72.1 Mln

Fragbite AB (publ)

23/05/2024 07:52

May 23 (Reuters) - Fragbite Group AB (publ)  FRAGBI.ST :
    * DECIDES ON A RIGHTS ISSUE OF APPROXIMATELY SEK 72.1
MILLION
    * RIGHTS ISSUE IS SECURED TO ABOUT 84.5 PERCENT
    * SUBSCRIPTION PRICE PER UNIT IS SEK 0.66, EQUIVALENT TO SEK
0.02
PER SHARE
    * MAY RECEIVE ADDITIONAL CAPITAL OF UP TO SEK 13.1 MILLION
    * PROCEEDS INTENDED TO BE USED FOR REPAYMENT OF UTILIZED
CREDIT
FACILITIES, STRENGTHEN BALANCE SHEET

Source text for Eikon:  ID:nMFN4xMdHK 
Further company coverage:  FRAGBI.ST 

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