Brief: Rizzo Group Resolves on Partially Guaranteed Rights Issue, Directed Issue, Loan Agreement

Rizzo AB

23/02/2023 08:39

Feb 23(Reuters) - Rizzo Group AB  RIZZOb.ST :
    * SAID ON WEDNESDAY CO RESOLVES ON PARTIALLY GUARANTEED
RIGHTS
ISSUE OF B-SHARES OF MINIMUM SEK 130 MLN, MAXIMUM SEK 153 MLN
    * RESOLVES ON DIRECTED SHARE ISSUE WORTH ABOUT SEK 32 MLN TO
ZENITH MANAGEMENT
    * DECIDES TO ENTER SUPPLEMENTARY AGREEMENT, LOAN AGREEMENT
WITH
ZENITH 
    * SUBJECT TO EGM APPROVAL
    * ZENITH PROVIDES GUARANTEE COMMITMENT OF SEK 50 MLN,
CORRESPONDING TO ABOUT 38% OF THE MINIMUM NUMBER, ABOUT 33%OF
MAXIMUM NUMBER OF B SHARES THAT CAN BE ISSUED IN RIGHTS ISSUE
    * LOAN AGREEMENT WORTH SEK 30 MLN
    * CO IS OBLIGED TO REPAY LOAN AMOUNT, WITH AGREED INTEREST,
AS
SOON AS PRACTICABLE, FROM THE ISSUE PROCEEDS THAT COMPANY
RECEIVES FROM RIGHTS ISSUE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr1XZb2S
 Further company coverage:  RIZZOb.ST  
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