Brief: Irras Resolves On Fully Underwritten Rights Issue Of SEK 217 Mln

Irras AB

17/03/2020 06:34

March 17 (Reuters) - Irras AB  IRRAS.ST :
    * IRRAS' BOARD OF DIRECTORS RESOLVES ON A FULLY UNDERWRITTEN
RIGHTS ISSUE OF APPROXIMATELY SEK 217 MILLION
    * SUBSCRIPTION PRICE IS SEK 5.80 PER SHARE
    * SUBSCRIPTION PERIOD IN RIGHTS ISSUE IS EXPECTED TO
COMMENCE ON
26 MARCH 2020 AND CLOSE ON 9 APRIL 2020
    * ISSUE WILL BE USED TO FINANCE CONTINUED COMMERCIALIZATION
OF
COMPANY'S PRODUCTS, IRRAFLOW AND HUMMINGBIRD, CORPORATE PURPOSES
    * PROVIDED THAT RIGHTS ISSUE IS FULLY SUBSCRIBED, IRRAS WILL
RECEIVE APPROXIMATELY SEK 217 MILLION BEFORE DEDUCTION OF
TRANSACTION COSTS
    * CARNEGIE INVESTMENT BANK IS ACTING AS GLOBAL COORDINATOR
AND
JOINT BOOKRUNNER IN TRANSACTION WHILE PARETO SECURITIES IS
ACTING AS JOINT BOOKRUNNER

Source text for Eikon:  ID:nWkr9VFmFP 
Further company coverage:  IRRAS.ST 

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