Brief: Oxe Marine Announces Conditional Recapitalisation

Oxe Marine AB

16/09/2024 06:38

Sept 16 (Reuters) - Oxe Marine AB  OXEMA.ST :
    * ANNOUNCES CONDITIONAL RECAPITALISATION INCL. A RIGHTS
ISSUE OF
APPROX. MSEK 78 AND A FULL RESTRUCTURING OF DEBT FINANCING OF
APPROX. MSEK 243, REMOVING ALL INTEREST BEARING DEBT
    * PROPOSED RECAPITALISATION INCLUDES RIGHTS ISSUE OF UP TO
APPROXIMATELY MSEK 78, SECURED UP TO APPROXIMATELY MSEK 60
THROUGH SUBSCRIPTION UNDERTAKINGS AND GUARANTEE COMMITMENTS
    * SUBSCRIPTION PRICE IN RIGHTS ISSUE AMOUNTS TO SEK 0.35 PER
SHARE
    * PROPOSED RECAPITALISATION INCLUDES DIRECTED SHARE ISSUE TO
BONDHOLDERS TO SET OFF ALL OUTSTANDING BONDS (INCLUDING
ACCUMULATED INTEREST) OF ABOUT MSEK 152, FOR A SUBSCRIPTION
PRICE OF SEK 1.25 PER SHARE

Source text for Eikon:  ID:nMFN8JRCvy 
Further company coverage:  OXEMA.ST 

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