Brief: ELLWEE Raises About SEK 74.9 Mln Before Issue Costs Through Rights Issue

Ortelius International AB (publ)

17/05/2022 06:31

May 17 (Reuters) - ELLWEE AB  ELLWEE.ST :
    * ANNOUNCED ON MONDAY OUTCOME OF RIGHTS ISSUE FOR COMPANY'S
SHAREHOLDERS DECIDED ON BY THE EXTRAORDINARY GENERAL MEETING ON
19 APRIL 2022 
    * RIGHTS ISSUE WAS SUBSCRIBED FOR ABOUT SEK 34.9 MILLION
WITH AND
WITHOUT PREFERENTIAL RIGHTS, CORRESPONDING TO A SUBSCRIPTION
RATE OF APPROXIMATELY 47 PERCENT
    * REMAINING PART OF RIGHTS ISSUE, CORRESPONDING TO
APPROXIMATELY
SEK 40.0 MILLION OR ABOUT 53 PERCENT, HAS BEEN SUBSCRIBED BY
GUARANTORS IN ACCORDANCE WITH THE GUARANTEE COMMITMENTS ENTERED
INTO
    * ELLWEE TO RECEIVE ABOUT SEK 74.9 MILLION BEFORE ISSUE
COSTS
    * PROCEEDS FROM ISSUE WILL FINANCE ACQUISITION OF ALSIKE
MASKIN
ENTREPRENADFÖRSÄLJNING AB, COMPANY'S CONTINUED BUSINESS
EXPANSION AND STRENGTHEN THE COMPANY'S BALANCE SHEET

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN3MtyhY
 Further company coverage:  ELLWEE.ST  

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