Brief: Privanet Board Proposes Directed Share Issue To Mininvest

Nyab Oyj

13/06/2019 10:53

June 13 (Reuters) - Privanet Group Oyj  PRIVA.HE :
    * SAID ON WEDNESDAY PROPOSED TO EGM DIRECTED SHARE ISSUE OF
MAXIMUM 6 MLN SHARES TO MININVEST OY
    * ISSUE TO BE CARRIED OUT AS ISSUANCE OF NEW SHARES,
DISTRIBUTION
OF OPTION RIGHTS, OR OTHER SPECIAL RIGHTS ENTITLING TO SHARES IN
ONE OR SEVERAL INSTALLMENTS
    * IN CONNECTION TO PROPOSED ISSUE, CO HAS ENTERED AGREEMENT
WITH
MININVEST ABOUT SUBSCRIPTION OF 4.6 MLN SHARES FOR PRICE OF EUR
0.88 PER SHARE
    * ACCORDING TO AGREEMENT, PAYMENT WOULD BE MADE AS
CONTRIBUTION IN
KIND WITH SHARES OF ST1 NORDIC OY
    * IF SHARE ISSUE IS CARRIED OUT, MININVEST WILL BECOME
LARGEST
SHARE HOLDER IN CO WITH 29.9% OF SHARE CAPITAL

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE1z3V87
    
 Further company coverage:  PRIVA.HE  
   


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