Brief: Hoylu Carries Out SEK 28.5 Mln Private Placement, Resolves Another Worth SEK 1.5 Mln

Hoylu AB

08/02/2021 08:43

Feb 8 (Reuters) - Hoylu AB  HOYLU.ST :
    * REG-THE BOARD OF DIRECTORS OF HOYLU RESOLVES ON A PRIVATE
PLACEMENT OF APPROXIMATELY SEK 28.5 MILLION, AND A DIRECTED
SHARE ISSUE OF APPROXIMATELY SEK 1.5 MILLION SUBJECT TO
SHAREHOLDERS' APPROVAL
    * RESOLVED AND CARRIED OUT DIRECTED SHARE ISSUE OF ABOUT SEK
28.5
MLN
    * SUBSCRIPTION PRICE IN PLACEMENT IS SEK 2.80 PER NEW SHARE,
EQUAL
TO A DISCOUNT OF ABOUT 2.10% COMPARED TO VOLUME-WEIGHTED AVERAGE
PRICE DURING LAST TEN TRADING DAYS
    * PRIVATE PLACEMENT RESULTS IN DILUTION OF SHARES OF
EXISTING
SHAREHOLDERS OF ABOUT 11.16%
    * IN ADDITION, RESOLVED TO CARRY OUT DIRECTED SHARE ISSUE OF
UP TO
535,713 NEW SHARES TO DEPUTY CEO TRULS BAKLID AND BOARD MEMBER
HANS OTHAR BLIX, SUBJECT TO EGM APPROVAL
    * SUBSCRIPTION PRICE IN DIRECTED ISSUE IS SEK 2.80, WHICH IS
EXPECTED TO RAISE PROCEEDS OF SEK 1.5 MILLION
    * IF FULLY SUBSCRIBED, SECOND PLACEMENT MAY RESULT IN
DILUTION OF
SHARES OF EXISTING SHAREHOLDERS OF ABOUT 0.58%

Source text for Eikon:  ID:nGNE3PmGrm 
Further company coverage:  HOYLU.ST 

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