Brief: Anoto Group AB Evaluates USD 3 mln Investment In Its Education Unit

Inq AB (publ)

01/11/2019 14:43

Nov 1 (Reuters) - Anoto Group AB  ANOT.ST :
    * REG-ANOTO GROUP AB EVALUATES USD 3 MILLION INVESTMENT IN ITS EDUCATION SUBSIDIARY
KNOWLEDGE AI
INC. AND THE POSSIBILITY TO CARRY OUT A DIRECTED SHARE ISSUE IN ANOTO GROUP AB
    * IS ALSO EVALUATING POSSIBILITY TO CARRY OUT A DIRECTED SHARE ISSUE OF 12 MILLION ORDINARY
SHARES
PAID IN CASH
    * COMPANY INTENDS TO USE PROCEEDS FOR SALES AND MARKETING EXPENSES, AND BUILD-UP OF EXISTING
PEN
INVENTORY IN PREPARATION FOR EXPECTED INCREASE IN DEMAND IN LIVESCRIBE

Source text for Eikon:  ID:nGNE3xTRsK 
Further company coverage:  ANOT.ST 

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