Brief: Nilar To Resolve On Fully Guaranteed Rights Issue Of SEK 275 Million

NILAR INTERNATIONAL AB

07/04/2022 07:05

April 7 (Reuters) - Nilar International AB  NILAR.ST :
    * THE BOARD OF DIRECTORS IN NILAR INTENDS TO RESOLVE ON A
FULLY
GUARANTEED RIGHTS ISSUE OF APPROXIMATELY SEK 275 MILLION
    * INTENTION TO RESOLVE ON A FULLY GUARANTEED RIGHTS ISSUE OF
SHARES EQUIVALENT TO A VALUE OF APPROXIMATELY SEK 275 MILLION
    * PURPOSE OF RIGHTS ISSUE IS TO SECURE FINANCING OF NILAR'S
NEW
STRATEGY AND BUSINESS PLAN
    * TOGETHER WITH EXISTING CASH, NET PROCEEDS FROM RIGHTS
ISSUE IS
EXPECTED TO BE SUFFICIENT TO FINANCE COMPANY'S BUSINESS PLAN TO
END OF 2023, PROVIDED THAT RIGHTS ISSUE GENERATES GROSS PROCEEDS
OF APPROXIMATELY SEK 275 MILLION.
    * SUBSCRIPTION PERIOD IN RIGHTS ISSUE IS EXPECTED TO TAKE
PLACE 2
JUNE - 16 JUNE 2022.
    * SUBSCRIPTION PRICE IN RIGHTS ISSUE WILL BE PRICED AT A
CUSTOMARY
DISCOUNT TO TERP.

Source text for Eikon:  ID:nWkr4kFW21 
Further company coverage:  NILAR.ST 

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