Brief: Kuros Announces Terms Of Proposed Capital Increase

Kuros Biosciences AG

19/11/2019 06:14

Nov 19 (Reuters) - KUROS BIOSCIENCES AG  KURN.S :
    * WILL SEEK APPROVAL FOR AN INCREASE OF ORDINARY SHARE
CAPITAL OF
UP TO CHF 6.0 MILLION THROUGH ISSUANCE OF UP TO AN ADDITIONAL
6.0 MILLION SHARES
    * RIGHTS ARE EXPECTED TO BE EXERCISABLE FROM NOVEMBER 22
UNTIL
DECEMBER 2, 2019 12:00 NOON CET
    * OFFER PRICE OF CHF 1.95 PER SHARE
    * EXISTING SHAREHOLDERS WILL RECEIVE 1 RIGHT TO
PRE-EMPTIVELY
SUBSCRIBE FOR NEW SHARES FOR EACH SHARE THEY HOLD ON NOVEMBER
21, 2019
    * 5 RIGHTS WILL ENTITLE HOLDER OF SUCH RIGHTS TO SUBSCRIBE
TO 2
NEW REGISTERED SHARES SUBJECT TO CERTAIN RESTRICTIONS UNDER
APPLICABLE LOCAL LAWS
    * AS FROM NOVEMBER 22, 2019, REGISTERED SHARES OF KUROS WILL
TRADE
"EX RIGHTS"
    * RIGHTS WILL NOT BE ADMITTED TO TRADING ON SIX SWISS
EXCHANGE

Source text for Eikon:  ID:nTENqzu5da 
Further company coverage:  KURN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))