Brief: Isofol Raises SEK 500 Million In Oversubscribed Rights Issue

Isofol Medical AB (publ)

14/06/2021 09:03

June 14 (Reuters) - Isofol Medical AB (publ)  ISOFOL.ST :
    * ISOFOL RAISES SEK 500 MILLION IN OVERSUBSCRIBED RIGHTS
ISSUE AND
EXERCISED OVER-ALLOTMENT OPTION
    * THROUGH RIGHTS ISSUE AND OVER-ALLOTMENT OPTION, ISOFOL
WILL
RECEIVE PROCEEDS AMOUNTING TO APPROXIMATELY SEK 500 MILLION
BEFORE TRANSACTION COSTS.
    * DUE TO OVERSUBSCRIPTION OF RIGHTS ISSUE, BOARD OF
DIRECTORS OF
ISOFOL HAS EXERCISED OVER-ALLOTMENT OPTION TO MEET ADDITIONAL
DEMAND FROM STRATEGIC INVESTORS THROUGH A DIRECTED ISSUE OF
15,625,000 NEW SHARES
    * DUE TO STRONG DEMAND FROM STRATEGIC INVESTORS, A DIRECTED
ISSUE
WITH DEVIATION FROM SHAREHOLDERS' PREFERENTIAL RIGHTS OF
APPROXIMATELY SEK 100 MILLION ( "OVER-ALLOTMENT OPTION") WAS
EXERCISED

Source text for Eikon:  ID:nWkr5SQHQD 
Further company coverage:  ISOFOL.ST 

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