Brief: Impact Coatings To Carry Out Fully Secured Rights Issue

Impact Coatings AB (publ)

22/12/2022 07:04

Dec 22 (Reuters) - Impact Coatings AB (publ)  IMPC.ST :
    * IMPACT COATINGS INTENDS TO CARRY OUT A FULLY SECURED
RIGHTS
ISSUE OF APPROXIMATELY SEK 148 MILLION CONDITIONAL ON THE
APPROVAL OF AN EXTRAORDINARY GENERAL MEETING
    * YEAR-END REPORT WILL BE POSTPONED UNTIL 15 FEBRUARY 2023.
    * SUBSCRIPTION COMMITMENTS AMOUNT TO APPROXIMATELY SEK 19
MILLION,
CORRESPONDING TO APPROXIMATELY 12.8 PERCENT OF RIGHTS ISSUE
    * ACCENDO CAPITAL, HAS ALSO PROVIDED GUARANTEE COMMITMENTS
ON
CUSTOMARY TERMS THAT AMOUNT TO APPROXIMATELY SEK 129 MILLION
    * SUBSCRIPTION PRICE IS SEK 4.80 PER SHARE
    * SUBSCRIPTION PRICE CORRESPONDS TO A DISCOUNT OF ABOUT 19%
VERSUS
THEORETICAL PRICE AFTER SEPARATION OF SUBSCRIPTION RIGHTS
    * ISSUE SUPPORTS CONTINUED INVESTMENTS IN INDUSTRIALIZATION
AND
INTERNATIONALIZATION OF IMPACT COATINGS
    * ISSUE ENABLES COMPANY TO CAPTURE AN EMERGING OPPORTUNITY
WITHIN
US GREEN HYDROGEN MARKET
    * IF RIGHTS ISSUE IS FULLY SUBSCRIBED, COMPANY WILL RECEIVE
A
MAXIMUM OF APPROXIMATELY SEK 148 MILLION

Source text for Eikon:  ID:nMFN3vtN1q 
Further company coverage:  IMPC.ST 
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