Brief: Minesto Announces Rights Issue

Minesto AB

11/11/2019 06:45

Nov 11 (Reuters) - Minesto AB  MINEST.ST :  
    * SAID ON FRIDAY DECIDED TO CARRY OUT A RIGHTS ISSUE OF UP
TO
6,084,133 UNITS AT A SUBSCRIPTION PRICE OF SEK 14.12 PER UNIT
    * TOTAL PROCEEDS OF APPROXIMATELY SEK 86 MILLION BEFORE
TRANSACTIONS COSTS, PROVIDED THAT RIGHTS ISSUE IS FULLY
SUBSCRIBED
    * DIRECTED ISSUE AND RIGHTS ISSUE ENABLE CO TO ACCELERATE
COMMERCIALIZATION OF ITS TECHNOLOGY
    * ISSUE PROVIDES CO WITH FINANCIAL RESOURCES FOR THE
FORESEEABLE
FUTURE IN ORDER TO FACILITATE EXPANSION TO FIRST LARGE-SCALE
COMMERCIAL FARMS
    * EXPECTED SUBSCRIPTION PERIOD RUNS FROM DEC 4, 2019 UNTIL
DEC 18,
2019
    * CO'S LARGEST SHAREHOLDER, BGA INVEST AB, TO SUBSCRIBE FOR
UNITS
TO A TOTAL VALUE OF SEK 20 MILLION IN RIGHTS ISSUE,
CORRESPONDING TO ABOUT 23% OF TOTAL NUMBER OF UNITS IN RIGHTS
ISSUE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr4FLQ6z
    
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