Brief: Moberg Pharma Decides On Fully Guaranteed Rights Issue Of About SEK 150 Million

Moberg Pharma AB (publ)

06/11/2020 07:09

Nov 6 (Reuters) - Moberg Pharma AB (publ)  MBPH.ST :
    * MOBERG PHARMA DECIDES ON FULLY GUARANTEED RIGHTS ISSUE OF
APPROXIMATELY SEK 150 MILLION
    * PROCEEDS WILL BE USED FOR REGISTRATION ACTIVITIES AND
CLINICAL
WORK FOR MOB-015
    * WHEN RIGHTS ISSUE IS COMPLETED, COMPANY INTENDS TO
TERMINATE
CURRENT CONVERTIBLE NOTE AGREEMENT
    * FINAL TERMS FOR RIGHTS ISSUE, INCLUDING SUBSCRIPTION
PRICE, ARE
EXPECTED TO BE ANNOUNCED NOT LATER THAN ON NOVEMBER 27, 2020
    * RIGHTS ISSUE REQUIRES APPROVAL OF AN EXTRAORDINARY GENERAL
MEETING
    * SUBSCRIPTION PERIOD IS EXPECTED TO COMMENCE ON DEC 7, 2020
UP TO
AND INCLUDING DEC 21, 2020, OR SUCH LATER DATE RESOLVED BY BOARD

Source text for Eikon:  ID:nWkrl19kS 
Further company coverage:  MBPH.ST 

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