Brief: Karolinska Development Proposes Rights Issue

Kdventures AB

13/12/2021 06:54

Dec 13 (Reuters) - Karolinska Development AB  KDEV.ST :
    * PROPOSED ON FRIDAY RIGHTS ISSUE OF ABOUT SEK 491 MILLION,
AND
PUBLISHES A PROPOSAL FOR A NEW BOARD MEMBER
    * PURPOSE OF RIGHTS ISSUE IS TO FINANCE CONTINUED
DEVELOPMENT OF
EXISTING INVESTMENTS, NEW INVESTMENTS, AND GENERAL CORPORATE
PURPOSES
    * SUBSCRIPTION PRICE AMOUNTS TO SEK 4.00 PER SHARE
    * ISSUE IMPLIES MAXIMUM DILUTION OF ABOUT 41.1%
    * PROPOSES PHILIP DUONG AS NEW BOARD MEMBER TO BE ELECTED AT
EGM
IN JAN 2022

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE9Slqdt
 Further company coverage:  KDEV.ST  

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