Brief: Glaston Resolves On A Rights Offering Of Around EUR 34 Million

Glaston Oyj Abp

29/05/2019 09:04

May 29 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON CORPORATION ANNOUNCES THE TERMS AND CONDITIONS OF
THE
RIGHTS OFFERING
    * RESOLVED ON A RIGHTS OFFERING OF APPROXIMATELY EUR 34
MILLION
    * SUBSCRIPTION PRICE IS EUR 0.89 PER OFFER SHARE
    * SUBSCRIPTION PERIOD FOR OFFERING COMMENCES ON 5 JUNE 2019
AT
9:30 A.M. FINNISH TIME AND ENDS ON 19 JUNE 2019 AT 4:30 P.M.
FINNISH TIME
    * PROCEEDS RECEIVED BY GLASTON WILL BE USED FOR REPAYMENT OF
OUTSTANDING BRIDGE FACILITY RELATED TO ACQUISITION OF BYSTRONIC
GLASS BUSINESS
    * SHAREHOLDERS WILL RECEIVE ONE SUBSCRIPTION RIGHT FOR EACH
SHARE
IN COMPANY OWNED ON RECORD DATE 31 MAY 2019

Source text for Eikon:  ID:nWkr9k2qt3 
Further company coverage:  GLA1V.HE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))