Brief: Neovacs Announces End Of OCEANE-BSA Programme

Neovacs SA

18/08/2021 18:16

Aug 18 (Reuters) - NEOVACS SA  ALNEV.PA :
    * ANNOUNCES EUR 2 MILLION FUNDRAISING THROUGH ISSUANCE OF 2
TRANCHES OF OCEANE-BSA, WITH NOMINAL VALUE OF EUR 1,000,000,
SUBSCRIBED BY EUROPEAN HIGH GROWTH OPPORTUNITIES SECURITIZATION
FUND
    * NET PROCEEDS OF TRANSACTION (EUR 1,940,000) WILL BE USED,
FOR
50%, TO FINANCE THE KINOID® ALLERGY RESEARCH PROGRAMME AND 50%
TO STRENGTHEN THE CAPACITY TO INVEST IN PROMISING PROJECTS
    * AFTER THIS DRAWDOWN, NEOVACS' CASH POSITION IS EUR 40.0M
    * ANNOUNCES END OF OCEANE-BSA PROGRAMME WITH EUROPEAN HIGH
GROWTH
OPPORTUNITIES SECURITIZATION FUND

Source text for Eikon:  ID:nACT70718 
Further company coverage:  ALNEV.PA 

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