Brief: Incap Corporation: The Board Of Directors Has Resolved On A Rights Issue

Incap Oyj

26/10/2020 14:37

Oct 26 (Reuters) - Incap Oyj  ICP1V.HE :
    * REG-INCAP CORPORATION: THE BOARD OF DIRECTORS OF INCAP CORPORATION HAS RESOLVED ON A
RIGHTS
ISSUE AND PUBLISHES ITS TERMS AND CONDITIONS
    * INCAP OYJ - BOARD OF DIRECTORS OF COMPANY HAS TODAY RESOLVED TO ISSUE A MAXIMUM OF
1,455,056 NEW
SHARES IN COMPANY
    * INCAP OYJ - AIMS TO RAISE THROUGH OFFERING GROSS PROCEEDS OF APPROXIMATELY EUR 10.9
MILLION
    * INCAP OYJ - SUBSCRIPTION PRICE IS EUR 7.50 PER OFFER SHARE
    * INCAP OYJ - SUBSCRIPTION PERIOD WILL COMMENCE ON 2 NOVEMBER 2020 AT 10:00 AND EXPIRE ON 16
NOVEMBER 2020 AT 16:30 FINNISH TIME
    * INCAP OYJ - PURPOSE OF OFFERING IS TO PROVIDE PREREQUISITIES FOR GROWTH AND DEVELOPMENT OF
BUSINESS OF COMPANY
    * INCAP OYJ - PROCEEDS TO BE RAISED IN OFFERING MAY BE USED TO REPAY COMPANY'S LOANS, FOR
POSSIBLE
FUTURE ACQUISITIONS AND GENERAL CORPORATE PURPOSES
    * INCAP OYJ - PROCEEDS WILL BE USED PRIMARILY TO AMORTIZE COMPANY'S LOAN OF EUR 13 MILLION
BY AN
AMOUNT TO BE LATER DECIDED BY BOARD OF DIRECTORS

Source text for Eikon:  ID:nGNE5hSF0t 
Further company coverage:  ICP1V.HE 

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