Brief: GeNeuro Announces Successful Private Placement of Eur 6 Mln

Geneuro SA

13/07/2021 07:23

July 13 (Reuters) - Geneuro SA  GNRO.PA :
    * ANNOUNCES SUCCESSFUL €6.0 MILLION PRIVATE PLACEMENT
    * NEW SHARES HAVE BEEN OFFERED AT A PRICE OF EUR 3.48 EACH,
INCLUDING NOMINAL VALUE AND ISSUE PREMIUM
    * 1,730,458 NEW ORDINARY BEARER SHARES OF GENEURO WITH A PAR
VALUE
OF CHF 0.05 EACH
    * NEW SHARES ISSUED WILL REPRESENT 8.40% OF COMPANY'S SHARE
CAPITAL PRIOR TO OFFERING ON A NON-DILUTED BASIS AND 7.75% OF
COMPANY'S SHARE CAPITAL AFTER OFFERING
    * INTENDS TO USE NET PROCEEDS OF OFFERING PRIMARILY TO FUND
ITS
OPERATIONS AND EXTEND ITS FINANCIAL VISIBILITY UNTIL END OF 2022
    * SETTLEMENT AND DELIVERY AND ADMISSION TO TRADING DATE OF
NEW
SHARES TO BE ISSUED UPON REGISTRATION OF CAPITAL INCREASE BY
COMMERCIAL REGISTRY OF GENEVA IS SCHEDULED FOR JULY 16, 2021
    * SUBSCRIPTION PRICE REPRESENTS A DISCOUNT OF 7.2% ON
CLOSING
MARKET PRICE OF COMPANY'S SHARES ON EURONEXT PARIS ON LAST
TRADING DAY PRECEDING CLOSING DATE OF OFFERING

Source text for Eikon:  ID:nBwc7qLmra 
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