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S2M S2Medical AB (publ) News Story

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Brief: S2Medical Plans Rights Issue To Raise SEK 2.9 Mln

May 13 (Reuters) - S2Medical AB (publ) S2ME.ST:

SAID ON TUESDAY RECEIVED PROPOSAL FROM SIVLERSKOG GROUP REGARDING DIRECTED ISSUE OF SHARES TO SIVLERSKOG GROUP AND THAT BOD PROPOSES A RIGHTS ISSUE OF A-SHARES AND B-SHARES

SIVLERSKOG GROUP PROPOSES THAT AGM RESOLVES ON DIRECTED ISSUE OF A MAXIMUM OF 30 MLN A SHARES TO SIVLERSKOG GROUP

SUBSCRIPTION PRICE IN DIRECTED ISSUE IS PROPOSED TO CORRESPOND TO VWAP FOR COMPANY'S B SHARES DURING TWENTY TRADING DAYS IMMEDIATELY PRIOR TO RESOLUTION OF AGM, HOWEVER, NOT LESS THAN THE SHARE'S QUOTA VALUE

SUBSCRIPTION PRICE IN RIGHTS ISSUE IS PROPOSED TO AMOUNT TO SEK 0.003 PER NEW A SHARE RESPECTIVELY NEW B SHARE

COMPANY TO RECEIVE ABOUT SEK 2.9 MILLION BEFORE ISSUE COSTS THROUGH THE RIGHTS ISSUE

 Source text: nMFNbyjCgf
 Further company coverage: S2ME.ST

 (Gdansk Newsroom)

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

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