Brief: Advanced SolTech Sweden Resolves On Directed Share Issue Of SEK 141 Mln
15/06/2023 08:14
June 15 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* ADVANCED SOLTECH SWEDEN AB (PUBL) HAS RESOLVED ON A
DIRECTED
SHARE ISSUE OF SEK 141 MILLION WHICH IS FULLY SUBSCRIBED, AND A
SUBSEQUENT COMPENSATION ISSUE FOR OTHER SHAREHOLDERS IN AN
AMOUNT OF 99 MSEK
* PRINCIPAL OWNERS SOLTECH ENERGY SWEDEN AB (PUBL) HAVE
SUBSCRIBED
FOR SHARES OF SEK 60.3 MILLION AND ADVANCED SOLAR POWER HANGZHOU
INC FOR SEK 58 MILLION, A TOTAL AMOUNT OF SEK 118.3 MILLION
* DIRECTED SHARE ISSUE IS FULLY SUBSCRIBED
* BOD ALSO RESOLVED, CONDITIONAL ON ALLOTMENT OF DIRECTED
SHARE
ISSUE, TO CARRY OUT A COMPENSATION ISSUE THAT IN PRACTICE IS
LIMITED TO APPROXIMATELY SEK 99 MILLION WITH SAME SUBSCRIPTION
PRICE
* RESOLVED ON A DIRECTED SHARE ISSUE OF 14,103,762 NEW
SHARES AT A
SUBSCRIPTION PRICE OF SEK 10 PER SHARE
* NET PROCEEDS FROM DIRECTED SHARE ISSUE ARE PRIMARILY
INTENDED TO
BE USED FOR REPAYMENT OF OUTSTANDING BONDS, AS WELL AS TO SECURE
COMPANY'S GROWTH
Source text for Eikon: ID:nMFNtGZ6m
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