Brief: Anoto Group Carries Out Directed Rights Issue

Inq AB (publ)

21/09/2020 07:02

Sept 21 (Reuters) - Anoto Group AB  ANOT.ST :
    * REG-ANOTO GROUP CARRIES OUT A DIRECTED RIGHTS ISSUE OF
7.022
MILLION NEW ORDINARY SHARES, THROUGH WHICH THE COMPANY WILL
RAISE USD 1 MILLION
    * SUBSCRIPTION PRICE OF USD 0.14 PER SHARE
    * THROUGH NEW ISSUE, ANOTO WILL RECEIVE APPROXIMATELY SEK
8.8
MILLION BEFORE ISSUE COSTS
    * PROCEEDS WILL BE USED FOR BUILD-UP OF PEN INVENTORY IN
PREPARATION FOR AN EXPECTED INCREASE IN DEMAND OF PENS FOR KAIT
    * SUBSCRIPTION PRICE CORRESPONDS TO A PREMIUM OF ABOUT 9.7%
AGAINST VOLUME-WEIGHTED AVERAGE PRICE DURING 10 TRADING DAYS
PRIOR TO BOARD'S ISSUE DECISION

Source text for Eikon:  ID:nGNE17TGf0 
Further company coverage:  ANOT.ST 

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