Brief: Green Landscaping Resolves On Rights Issue Of About SEK 155 Million

Green Landscaping AB (publ)

20/05/2020 06:33

May 20 (Reuters) - Green Landscaping Group AB  GREENL.ST :
    * THE BOARD OF DIRECTORS OF GREEN LANDSCAPING RESOLVES ON A
RIGHTS
ISSUE OF APPROXIMATELY SEK 155 MILLION
    * SUBSCRIPTION PRICE: SEK 16.75 PER SHARE. NO COMMISSION
WILL BE
CHARGED.
    * LAST DAY FOR TRADING WITH COMPANY'S SHARES INCLUDING RIGHT
TO
RECEIVE SUBSCRIPTION RIGHTS IS 26 MAY
    * ISSUE VOLUME: RIGHTS ISSUE COMPRISES OF NO MORE THAN
9,242,151
SHARES,
    * SUBSCRIPTION PERIOD: 1 JUNE 2020 UP TO AND INCLUDING 12
JUNE
2020.
    * ISSUE PROCEEDS WILL BE APPROXIMATELY SEK 150 MILLION AFTER
DEDUCTIONS FOR ISSUE EXPENSES OF APPROXIMATELY SEK 5 MILLION
    * SUBSCRIPTION PRICE: SEK 16.75 PER SHARE. NO COMMISSION
WILL BE
CHARGED.
    * WILL USE PROCEEDS TO STRENGTHEN BALANCE SHEET BY REPAYING
BRIDGE
FINANCING RAISED, TO INCREASE CASH AND CASH EQUIVALENTS IN
READINESS FOR FUTURE ACQUISITIONS

Source text for Eikon:  ID:nWkr3JSd9W 
Further company coverage:  GREENL.ST 

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