Brief: Lumibird Raises 36.3 Million Euros Through Rights Issue

Lumibird SA

12/06/2020 06:46

June 12 (Reuters) - LUMIBIRD SA  LBIRD.PA :
    * LUMIBIRD'S RIGHTS ISSUE A MAJOR SUCCESS WITH 36.3 MILLION
EUROS
RAISED FOR ITS EXTERNAL GROWTH
    * SUBSCRIPTION RATE OF 195%
    * 4,037,015 NEW SHARES ISSUED AT 9.00 EUROS PER SHARE
    * EXTENSION CLAUSE EXERCISED IN FULL
    * TOTAL DEMAND CAME TO APPROXIMATELY 61.6 MILLION EUROS,
REPRESENTING A SUBSCRIPTION RATE OF 195%
    * PROCEEDS FROM RIGHTS ISSUE WILL NOT BE USED TO FINANCE OR
REFINANCE LUMIBIRD'S ACQUISITION OF ELLEX'S LASER AND ULTRASOUND
ACTIVITIES, OR TO FINANCE COMPANY'S WORKING CAPITAL AND
OPERATING EXPENDITURE

Source text for Eikon:  ID:nGNE4lZFmc 
Further company coverage:  LBIRD.PA 

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