Brief: Anoto Group Carries Out Directed Issue Of 9 Mln Shares

Inq AB (publ)

29/12/2020 07:08

Dec 29 (Reuters) - Anoto Group AB  ANOT.ST :
    * ANOTO GROUP AGREES TO A DIRECTED ISSUE OF 9 MILLION SHARES
TO AN
INSTITUTIONAL INVESTOR AND AN ADDITIONAL 21 MILLION SHARES
SUBJECT TO APPROVAL BY AN EGM
    * BOARD RESOLVED ON A DIRECTED RIGHTS ISSUE OF 9,000,000
ORDINARY
SHARES AT A SUBSCRIPTION PRICE OF SEK 0.90 PER SHARE
    * THROUGH NEW ISSUE, ANOTO WILL RECEIVE APPROXIMATELY SEK
8.1
MILLION BEFORE ISSUE COSTS
    * PROCEEDS WILL BE PRIMARILY USED FOR TRANSITION TO A BIGGER
CONTRACT MANUFACTURING FACTORY AND PURCHASING OF MATERIALS FOR
PRODUCTION IN MEXICO

Source text for Eikon:  ID:nGNE6cG2yZ 
Further company coverage:  ANOT.ST 

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