Brief: Integrum Updates On COVID-19 Impact, Proposes Directed Issue Of SEK 4 Mln

Integrum AB

27/03/2020 07:09

March 27 (Reuters) - Integrum AB  INTEGb.ST :
    * SAID ON THURSDAY BOARD PROPOSES NEW DIRECTED SHARE ISSUE
OF SEK
4 MLN
    * SEES LOWER DEMAND FOR CO'S PRODUCTS DUE TO COVID-19 THUS
LAUNCHES COST SAVING PROGRAM
    * COVID-19 TO HAVE NEGATIVE IMPACT ON CO'S SALES IN Q4,
WHICH IS
NOW ESTIMATED TO BE AT THE SAME LEVEL AS YR AGO
    * ALL EMPLOYEES WILL BE TEMPORARILY LAID OFF TO REDUCE THE
CO'S
SALARY COSTS
    * MAJOR OWNER AND CHAIRMAN RICKARD BRÅNEMARK ISSUES LOAN
GUARANTEE
AND INTENDS TOGETHER WITH THE BOARD TO SUBSCRIBE FOR 50% OF A
DIRECTED ISSUE
    * LOAN GUARANTEE OF SEK 2 MLN

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrTkYsp
    
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