Brief: Incoax Carries Out Rights Issue Of Units Of About SEK 41 Million

InCoax Networks AB

11/03/2021 07:07

March 11 (Reuters) - InCoax Networks AB  INCOAX.ST :
    * INCOAX CARRIES OUT A FULLY GUARANTEED RIGHTS ISSUE OF
UNITS OF
APPROXIMATELY SEK 41 MILLION
    * INCOAX NETWORKS AB RESOLVED TO CARRY OUT ISSUE OF SHARES
AND
WARRANTS WITH PREFERENTIAL RIGHTS FOR EXISTING SHAREHOLDERS OF
AROUND SEK 41 MILLION BEFORE ISSUE COSTS
    * UPON FULL EXERCISE OF ALL WARRANTS, CO MAY RECEIVE
ADDITIONAL
ISSUE PROCEEDS OF AROUND SEK 23 MILLION BEFORE ISSUE COSTS
    * ISSUE IS 100% COVERED BY SUBSCRIPTION COMMITMENTS AND
GUARANTEE
COMMITMENTS FROM CO'S EXISTING SHAREHOLDERS, SAUGATUCK INVEST
AB, NORRLANDSPOJKARNA AB AND BLL INVEST AB
    * SUBSCRIPTION PRICE IS SEK 4.50 PER UNIT, WHICH CORRESPONDS
TO A
SUBSCRIPTION PRICE OF SEK 4.50 PER SHARE; WARRANTS ARE ISSUED
FREE OF CHARGE
    * SUBSCRIPTION PERIOD RUNS FROM AND INCLUDING APRIL 12, 2021
TO
AND INCLUDING APRIL 26, 2021

Source text for Eikon:  ID:nWkr2Gm2Qc 
Further company coverage:  INCOAX.ST 

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