Brief: Geneuro Announces Successful 7.7 Million Euros Private Placement

Geneuro SA

12/05/2022 08:19

May 12 (Reuters) - Geneuro SA  GNRO.PA :
    * GENEURO ANNOUNCES SUCCESSFUL EUR 7.7 MILLION PRIVATE
PLACEMENT
    * NEW SHARES HAVE BEEN OFFERED AT A PRICE OF EUR 2.86 EACH,
INCLUDING NOMINAL VALUE AND ISSUE PREMIUM
    * CONCERNS 2,678,251 NEW ORDINARY BEARER SHARES OF GENEURO
WITH A
PAR VALUE OF CHF 0.05 EACH
    * COMPANY INTENDS TO USE NET PROCEEDS OF OFFERING TO
COMPLETE
FUNDING FOR ITS PLANNED POST-COVID TRIAL
    * NEW SHARES ISSUED WILL REPRESENT 12% OF COMPANY'S SHARE
CAPITAL
PRIOR TO OFFERING ON A NON-DILUTED BASIS AND 10.7% OF COMPANY'S
SHARE CAPITAL AFTER OFFERING
    * SUBSCRIPTION PRICE REPRESENTS A DISCOUNT OF 7.1% ON
CLOSING
MARKET PRICE OF COMPANY'S SHARES ON EURONEXT PARIS ON LAST
TRADING DAY PRECEDING CLOSING DATE OF OFFERING, I.E. EUR 3.08 ON
MAY 11, 2022
    * COMPANY'S SHARE CAPITAL WILL BE COMPOSED OF 24,999,028
ORDINARY
BEARER SHARES WITH A NOMINAL VALUE OF CHF 0.05 EACH FOLLOWING
REGISTRATION OF CAPITAL INCREASE ON MAY 12, 2022

Source text for Eikon:  ID:nBw6xjLxWa 
Further company coverage:  GNRO.PA 

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