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RROS Rottneros AB News Story

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Brief: Rottneros Resolves On SEK 300 Mln Rights Issue

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May 20 (Reuters) - Rottneros AB RROS.ST:

RESOLVES ON SEK 300 MILLION RIGHTS ISSUE

SUBSCRIPTION PRICE SET AT SEK 2.65 PER SHARE

ISSUE TO REDUCE LEVERAGE RATIO THROUGH PARTIAL REPAYMENT OF

THE COMPANY’S LOANS, TO STRENGTHEN FINANCIAL POSITION

NON-PARTICIPATING SHAREHOLDERS FACE 42.9% DILUTION

LARGEST SHAREHOLDER ARCTIC PAPER HAS COMMITTED TO UNDERWRITE THE REMAINING PART OF THE RIGHTS ISSUE NOT COVERED BY THE SUBSCRIPTION COMMITMENT ON CERTAIN CONDITIONS

Source text: ID:nWkr2F22qT

Further company coverage: RROS.ST

 (Gdansk Newsroom)

 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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