Brief: Paion to issue about 2.4 mln shares at EUR 2.05 per share

PAION AG

07/02/2017 07:51

Feb 7 (Reuters) - Paion AG  PA8G.DE : 
    * To issue about 2.4 million shares at 2.05 euros per share in capital increase with 
subscription rights 
    * Paion will receive gross proceeds of about 4.99 million euros ($5.33 million) for capital 
increase with subscription rights 
    * To increase company's registered share capital against contribution in cash from 
55,757,094.00 euros by 2,439,023.00 euros to 58,196,117.00 euros 
    * Intends to use proceeds of capital increase primarily to prepare and submit an application 
for market approval of Remimazolam in Japan 
 
Source text for Eikon:  ID:nEQ4QSy8X  
Further company coverage:  PA8G.DE  
 
($1 = 0.9358 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))