Brief: Metacon Rights Issue Subscribed To 53.9% In Preliminary Outcome
20/02/2024 08:55
Feb 20 (Reuters) - Metacon AB METAC.ST :
* SAID ON MONDAY THE PRELIMINARY OUTCOME INDICATES THAT
34,215,600
UNITS, CORRESPONDING TO APPROXIMATELY 49.9% OF THE RIGHTS ISSUE,
HAVE BEEN SUBSCRIBED FOR
* ADDITIONALLY, APPLICATIONS FOR SUBSCRIPTION OF 2,727,145
UNITS
WITHOUT THE SUPPORT OF UNIT RIGHTS, CORRESPONDING TO
APPROXIMATELY 4.0% OF THE RIGHTS ISSUE, HAVE BEEN RECEIVED
* THUS, THE PRELIMINARY OUTCOME INDICATES THAT THE RIGHTS
ISSUE IS
SUBSCRIBED TO APPROXIMATELY 53.9%, AND THAT GUARANTEE
COMMITMENTS OF PRELIMINARY 20,531,392 UNITS, CORRESPONDING TO
APPROXIMATELY 30.0% OF THE RIGHTS ISSUE, WILL BE UTILIZED
* THE RIGHTS ISSUE WILL PROVIDE THE COMPANY WITH PROCEEDS OF
APPROXIMATELY SEK 100.0 MILLION BEFORE DEDUCTION OF COSTS
RELATED TO THE RIGHTS ISSUE
* UPON FULL EXERCISE OF ALL THE WARRANTS OF SERIES TO 1, AT
THE
MAXIMUM SUBSCRIPTION PRICE OF SEK 0.44, THE COMPANY IS EXPECTED
TO RAISE UP TO AN ADDITIONAL APPROXIMATELY SEK 50.6 MILLION
BEFORE DEDUCTION OF COST RELATED TO THE WARRANTS
Source text for Eikon: urn:newsml:reuters.com:*:nWkrc4GRJc
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