Brief: Heliospectra Carries Out Rights Issue And Obtain Bridge Financing

Heliospectra AB (publ)

22/02/2019 07:41

Feb 22 (Reuters) - Heliospectra AB (publ)  HELIO.ST :
    * HELIOSPECTRA CARRIES OUT RIGHTS ISSUE AND OBTAIN BRIDGE
FINANCING
    * NEW SHARE ISSUE OF APPROXIMATELY SEK 52.7 MILLION WITH
PREFERENTIAL RIGHTS FOR EXISTING SHAREHOLDERS
    * RIGHTS ISSUE IS 100 PERCENT UNDERWRITTEN THROUGH
SUBSCRIPTION
AND GUARANTEE COMMITMENTS BY COMPANY'S LARGEST SHAREHOLDERS
    * TERMS OF RIGHTS ISSUE ARE THAT 3 EXISTING SHARES ENTITLE
SHAREHOLDER TO SUBSCRIBE FOR 1 NEW SHARE AT PRICE OF 4.5 SEK
    * 3 EXISTING SHARES ENTITLE SHAREHOLDER TO SUBSCRIBE FOR 1
NEW
SHARE AT PRICE OF 4.5 SEK.
    * ANNUAL PRODUCTION IS EXPECTED TO INCREASE FROM TODAY'S 210
TONES
TO ABOUT 1,850 TONES IN 2022
    * ABOUT 30 PER CENT OF PROCEEDS ARE INTENDED TO BE USED TO
STRENGTHEN COMPANY'S FINANCIAL POSITION

Source text for Eikon:  ID:nWkrc2MP2b 
Further company coverage:  HELIO.ST 

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