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ONCO — Oncopeptides AB News Story

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Brief: Oncopeptides Completes Directed Share Issue Of SEK 100 Mln

BRIEF-Oncopeptides Completes Directed Share Issue Of SEK 100 Mln

- Oncopeptides AB ONCO.ST:

  • SAID ON TUESDAY HAD RESOLVED ON DIRECTED SHARE ISSUE OF 50,000,000 NEW ORDINARY SHARES AT SUBSCRIPTION PRICE OF SEK 2.00 PER SHARE

  • WILL RECEIVE PROCEEDS OF SEK 100 MILLION BEFORE DEDUCTION OF TRANSACTION COSTS

  • SUBSCRIPTION PRICE CORRESPONDS TO DISCOUNT OF ABOUT 13.9% TO CLOSING PRICE OF SEK 2.324 FOR ONCOPEPTIDES SHARE ON NASDAQ STOCKHOLM ON OCTOBER13

  • TO USE NET PROCEEDS TO CARRY OUT THE CMC ACTIVITIES REQUIRED AHEAD OF NEXT CLINICAL DEVELOPMENT PHASE, AND FINANCE EXECUTION WITHIN GLIOBLASTOMA PROGRAMME


Source text for Workspace: nMFN4zfqLr
Further company coverage: ONCO.ST


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