Brief: PolyPlank Decides To Carry Out Rights Issue

PolyPlank AB (publ)

24/05/2021 09:41

May 24 (Reuters) - PolyPlank AB (publ)  POLY.ST :
    * SAID ON SUNDAY DECIDED TO CARRY OUT A RIGHTS ISSUE 
    * TO BE ABLE TO RESPOND TO A SHARPLY INCREASED ORDER INTAKE,
POLYPLANK NEEDS TO INVEST IN INCREASED PRODUCTION CAPACITY
    * GIVEN THAT THE RIGHTS ISSUE IS FULLY SUBSCRIBED, THE
COMPANY
WILL RECEIVE ABOUT SEK 15 MILLION BEFORE ISSUE COSTS
    * ISSUE COMPRISES UP TO 61,460,253 NEWLY ISSUED SHARES
    * THE SUBSCRIPTION PRICE HAS BEEN SET AT SEK 0.25 PER NEW
SHARE
    * THE SUBSCRIPTION PERIOD RUNS FROM JUNE 7 TO JUNE 21

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3x10rd
    
 Further company coverage:  POLY.ST  
   


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