Brief: OncoZenge Says Investor Misses Payment Deadline For Remaining Fourth Tranche Shares
BRIEF-OncoZenge Says Investor Misses Payment Deadline For Remaining Fourth Tranche Shares Aug 31 (Reuters) - OncoZenge AB ONCOZ.ST:
SAID ON FRIDAY ONCOZENGE SAYS SICHUAN YANGTIAN BIO-PHARMACEUTICAL MISSES PAYMENT DEADLINE FOR REMAINING FOURTH TRANCHE SHARES
BOARD DOES NOT GRANT FURTHER EXTENSION OF PAYMENT DEADLINE TO INVESTOR
SAYS INVESTOR PAID SEK 5 MILLION FOR 772,797 SHARES UNDER FOURTH TRANCHE
SAYS FULL PAYMENT NOT RECEIVED FOR REMAINING 1,562,026 SHARES CORRESPONDING TO ABOUT SEK 10.1 MILLION
SAYS NO LEGAL BASIS UNDER INVESTMENT AGREEMENT FOR INVESTOR TO WITHHOLD PAYMENT
SAYS RIGHTS ISSUE OF ABOUT SEK 33.3 MILLION SECURES CAPITAL NEEDS BEYOND EUROPEAN PHASE III TRIAL READOUT
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Further company coverage: ONCOZ.ST
(Gdansk Newsroom)
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