Brief: Midsummer Resolves On Directed Issue And Fully Guaranteed Rights Issue

Midsummer AB

18/09/2020 07:35

Sept 18 (Reuters) - Midsummer AB  MIDSU.ST :
    * MIDSUMMER AB (PUBL) RESOLVES ON A DIRECTED ISSUE AND A
FULLY
GUARANTEED RIGHTS ISSUE OF APPROXIMATELY SEK 284 MILLION FOR
EUROPEAN EXPANSION
    * BOARD OF MIDSUMMER DECIDED TO CARRY OUT A DIRECTED ISSUE
OF
SHARES AND WARRANTS OF APPROXIMATELY SEK 30.5 MILLION AND A
FULLY GUARANTEED RIGHTS ISSUE OF UNITS OF APPROXIMATELY SEK
253.5 MILLION
    * DIRECTED ISSUE COMPRISES 2,900,000 UNITS, EACH CONSISTING
OF ONE
(1) SHARE AND (1) WARRANT OF SERIES TO1, ISSUED AT A PRICE OF
SEK 10.50 PER UNIT
    * IN CASE OF FULL EXERCISE OF ATTACHED WARRANTS, COMPANY
RAISES
ADDITIONALLY APPROXIMATELY SEK 205.5 MILLION BEFORE ISSUE COSTS.
    * RIGHTS ISSUE COMPRISES A MAXIMUM NUMBER OF 24,144,425
UNITS,
EACH CONSISTING OF ONE (1) SHARE AND (1) WARRANT OF SERIES TO1,
ISSUED AT A PRICE OF SEK 10.50 PER UNIT
    * SUBSCRIPTION PERIOD IN RIGHTS ISSUE IS EXPECTED TO TAKE
PLACE
FROM AND INCLUDING 21 OCTOBER UP TO AND INCLUDING 5 NOVEMBER
2020

Source text for Eikon:  ID:nWkrLFrqD 
Further company coverage:  MIDSU.ST 

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