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Brief: Mavshack Decides On Rights Issue, Presents Financial Plan

Sept 25 (Reuters) - Mavshack AB (publ) MAV.ST:

MAVSHACK DECIDES ON A RIGHTS ISSUE AND PRESENTS A FINANCIAL PLAN

HAS TODAY DECIDED ON A RIGHTS ISSUE OF UP TO 533,290,600 NEW SHARES AT A SUBSCRIPTION PRICE OF SEK 0.025 PER SHARE

RIGHTS ISSUE CORRESPONDS TO SEK 13.3 MILLION IN TOTAL CAPITAL

FULLY SUBSCRIBED RIGHTS ISSUE WILL DILUTE EXISTING SHAREHOLDERS WHO DO NOT PARTICIPATE BY 66.7%

HAS SECURED A LOAN FACILITY OF UP TO USD 6 MILLION FROM AMBIENT MEDIA INC.

Source text: ID:nBQN3Q16Mx

Further company coverage: MAV.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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