Brief: Redwood Pharma: Minimum Level In Rights Issue Not Reached

Redwood Pharma AB

22/05/2024 08:41

May 22 (Reuters) - Redwood Pharma AB  REDWPH.ST :
    * SAID ON TUESDAY PRELIMINARY OUTCOME OF RIGHTS ISSUE SHOWS
THAT
MINIMUM LEVEL HAS NOT BEEN REACHED
    * PRELIMINARY OUTCOME SHOWS THAT 0.8 MLN UNITS HAVE BEEN
SUBSCRIBED WITH AND WITHOUT PREFERENTIAL RIGHTS, CORRESPONDING
TO ABOUT 30.3% OF RIGHTS ISSUE
    * RIGHTS ISSUE WILL THEREFORE BE CANCELLED IF FINAL OUTCOME
REMAINS BELOW MINIMUM LEVEL

        
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