Brief: Paion Raises EUR 5.2 Million In Private Placement

PAION AG

21/06/2018 16:58

June 21 (Reuters) - Paion AG  PA8G.DE :
    * PAION AG RAISES EUR 5.2 MILLION IN PRIVATE PLACEMENT
    * WILL USE PROCEEDS TO PREPARE NECESSARY WORK FOR SUBMISSION
OF EU
MARKET APPROVAL DOSSIER FOR REMIMAZOLAM
    * ALL SHARES WILL BE PLACED WITH FINANCIÈRE ARBEVEL, FRENCH
INSTITUTIONAL INVESTOR, AT PRICE OF EUR 2.00 PER SHARE
    * CAPITAL INCREASE CONSISTS OF APPROXIMATELY 4% OF PAION'S
CURRENT
REGISTERED SHARE CAPITAL
    * REGISTERED SHARE CAPITAL WILL AMOUNT TO EUR 63,720,046.00

Source text for Eikon:  ID:nEQbDR744a 
Further company coverage:  PA8G.DE 

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