Brief: Pharnext Establishes Equity Line Facility With Kepler Cheuvreux

Pharnext SCA

19/11/2019 16:49

Nov 19 (Reuters) - Pharnext SA  PHARN.PA :
    * PHARNEXT ESTABLISHES AN EQUITY LINE FACILITY  WITH KEPLER
CHEUVREUX
    * KEPLER CHEUVREUX COMMITTED TO UNDERWRITE UP TO 3,000,000
SHARES
(CORRESPONDING TO APPROXIMATELY EUR 15 MILLION IN TOTAL EQUITY
FINANCING2 ) ON ITS OWN INITIATIVE, WITHIN MAX PERIOD OF 24
MONTHS
    * SHARE PRICE WILL BE EQUAL TO  AVERAGE OF THE TRADING
PRICES
WEIGHTED BY VOLUMES FOR THE LAST TWO STOCK MARKET TRADING
SESSIONS PRIOR TO EACH ISSUANCE
    * PHARNEXT RETAINS OPTION OF SUSPENDING OR TERMINATING THIS
AGREEMENT AT ANY TIME.


Source text for Eikon:  ID:nEQ9WPQJwa 
Further company coverage:  PHARN.PA 

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