Brief: Polight Says Will Raise Gross Proceeds Of NOK 20-40 Mln In Private Placement

Polight ASA

16/04/2020 15:32

April 16 (Reuters) - Polight ASA  PLTO.OL :
    * POLIGHT ASA: CONTEMPLATED PRIVATE PLACEMENT
    * POLIGHT ASA - WILL RAISE GROSS PROCEEDS OF NOK 20 - 40
MILLION,
BY ISSUANCE OF NEW ORDINARY SHARES
    * SUBSCRIPTION PRICE AND NUMBER OF OFFER SHARES TO BE ISSUED
IN
PRIVATE PLACEMENT WILL BE DETERMINED BY BOARD OF DIRECTORS
    * MINIMUM APPLICATION AND ALLOCATION AMOUNT HAS BEEN SET TO
NOK
EQUIVALENT OF EUR 100,000.
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO
FINANCE
FURTHER GROWTH OF COMPANY AND GENERAL CORPORATE PURPOSES
    * INVESTINOR AS AND STIFTELSEN INDUSTRIFONDEN TO SUBSCRIBE
FOR NEW
SHARES FOR ABOUT NOK 9.435 MILLION AND ABOUT NOK 5.565 MILLION
RESPECTIVELY

Source text for Eikon:  ID:nWkr1XCrfn 
Further company coverage:  PLTO.OL 

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