Brief: OmniCar To Conduct Rights Issue Of About SEK 17.8 Mln

OmniCar Holding AB

23/04/2019 11:29

April 23 (Reuters) - OmniCar Holding AB  OMNIC.TE :
    * OMNICAR DECIDES ON RIGHTS ISSUE FOR ACCELERATED GROWTH AND
ADVANCED PROFITABILITY
    * CONDUCT A RIGHTS ISSUE OF 7,906,746 SHARES AT A
SUBSCRIPTION
PRICE OF SEK 2.25 PER SHARE
    * GENERAL PUBLIC IS ALSO INVITED TO SUBSCRIBE FOR SHARES IN
RIGHTS
ISSUE
    * IF FULLY SUBSCRIBED, RIGHTS ISSUE PROVIDES OMNICAR APPROX.
SEK
17.8 MILLION BEFORE ISSUE COSTS
    * ISSUE PROCEEDS ARE INTENDED TO FINANCE EXPANSION INTO NEW
MARKETS AS WELL AS ACCELERATED MARKET ACTIVITIES IN ORDER
ACHIEVE PROFITABILITY AT END OF 2019
    * HAS CONDUCTED A BRIDGE FINANCING OF APPROX. SEK 4 MILLION
TO
KEEP HIGH MOMENTUM IN BUSINESS
    * SUBSCRIPTION PERIOD: MAY 9TH - MAY 23RD, 2019
    * BRIDGE FINANCING TO PARTLY BE REPAID WITH ISSUE PROCEEDS
AND
PARTLY BE SET-OFF FOR SHARES IN RIGHTS ISSUE

Source text for Eikon:  ID:nWkr1nGbrd 
Further company coverage:  OMNIC.TE 

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