Brief: Initiator Pharma: Board Proposes Directed Share Issue, Fully Guaranteed Rights Issue Of SEK 61 Mln

Initiator Pharma A/S

13/04/2022 08:33

April 13 (Reuters) - Initiator Pharma A/S  INIT.ST :
    * THE BOARD OF DIRECTORS PROPOSES A DIRECTED SHARE ISSUE AND
FULLY
GUARANTEED RIGHTS ISSUE OF A TOTAL OF APPROXIMATELY SEK 61
MILLION TO FINANCE ITS CLINICAL PROGRAMS INTO THE BEGINNING OF
2024
    * PROPOSAL FROM BOARD OF DIRECTORS TO EGM IS TO RESOLVE ON A
DIRECTED SHARE ISSUE OF ABOUT SEK 20 MILLION AND FULLY
GUARANTEED RIGHTS ISSUE WITH PRE-EMPTIVE SUBSCRIPTION RIGHTS FOR
EXISTING SHAREHOLDERS OF ABOUT SEK 41 MILLION
    * PROPOSED SUBSCRIPTION PRICE IN DIRECTED SHARE ISSUE IS SEK
7.50
PER SHARE
    * PROPOSED SUBSCRIPTION PRICE IN PREFERENTIAL RIGHTS ISSUE
IS SEK
7.50 PER SHARE

Source text for Eikon:  ID:nMFN4QG9Rz 
Further company coverage:  INIT.ST 

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