Brief: Redwood Pharma Carries Out Rights Issue With Aim Of Replacing Existing Credit Facility

Redwood Pharma AB

26/08/2019 01:48

Aug 25 (Reuters) - Redwood Pharma AB  REDWPH.TE :
    * REDWOOD PHARMA CARRIES OUT A RIGHTS ISSUE WITH THE AIM OF
REPLACING THE EXISTING CREDIT FACILITY
    * THROUGH SUBSCRIPTION, CO WILL RAISE UP TO SEK 11.5 MILLION
BEFORE ISSUE COSTS, WHICH IS ESTIMATED TO AMOUNT TO SEK 0.3
MILLION
    * TERMS OF RIGHTS ISSUE MEAN THAT EIGHT (8) EXISTING SHARES
ENTITLE HOLDER TO SUBSCRIBE FOR ONE (1) NEW SHARE AT PRICE OF
SEK 7.25
    * THROUGH SUBSCRIPTION, COMPANY WILL RAISE UP TO SEK 11.5
MILLION
BEFORE ISSUE COSTS, WHICH ARE ESTIMATED TO AMOUNT TO SEK 0.3
MILLION

Source text for Eikon:  ID:nWkr6j9NRc 
Further company coverage:  REDWPH.TE 

 ((Reuters.Briefs@thomsonreuters.com;))