Brief: Dome Energy proposes rights issue as part of execution of refinancing

Hotel Fast SSE AB (publ)

20/12/2016 06:19

Dec 20 (Reuters) - Dome Energy AB  DOMEN.ST : 
    * Said on Monday had proposed EGM resolves on rights issue 
of about 104.2 million shares, with over-allotment option in 
form of directed issue of up to about 35.8 million shares  
    * Aims to raise 70 million Swedish crowns ($7.5 
million)before transaction costs if offer is fully subscribed 
    * Suggested subscription price per share in 0.50 crown  
    * Rights issue and over allotment option are part of 
execution of co's refinancing plan 
    * If action plan is fully executed, equity of group will be 
restored to about 50 million crowns before costs, all other 
things being equal pro forma per Sept. 30, 2016 
    * In 2017 aims to double production and achieve 
substantially higher EBITDA level  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrls5163 
     
 Further company coverage:  DOMEN.ST   
    
 
 
 
($1 = 9.4048 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))