Brief: Promore Pharma Carries Out Rights Issue Of About SEK 75 Million

PMD Device Solutions AB

04/10/2019 07:44

Oct 4 (Reuters) - Promore Pharma AB  PROMO.ST :
    * PROMORE PHARMA PROMORE PHARMA CARRIES OUT A RIGHTS ISSUE
OF
APPROXIMATELY SEK 75 MILLION, UNDERWRITTEN UP TO 80 PERCENT, AND
INTENDS TO PUBLISH ITS INTERIM REPORT EARLY
    * PURPOSE OF RIGHTS ISSUE IS TO ENSURE CONTINUED SUCCESSFUL
DEVELOPMENT OF PROMORE PHARMA'S TWO DRUG CANDIDATES
    * NET PROCEEDS (INCLUDING COSTS RELATED TO UNDERWRITING
COMMITMENTS) IS EXPECTED TO AMOUNT TO APPROXIMATELY SEK 63
MILLION
    * SUBSCRIPTION PRICE IS SEK 3.71
    * IF RIGHTS ISSUE IS FULLY SUBSCRIBED, A TOTAL OF 20,235,090
SHARES WILL BE ISSUED
    * SUBSCRIPTION PERIOD NOVEMBER 13 - 28, 2019

Source text for Eikon:  ID:nWkr2WnBg5 
Further company coverage:  PROMO.ST 

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