Brief: Sagax Completes Directed Share Issue Raising SEK 2 Bln

Sagax AB

21/06/2023 06:47

June 21 (Reuters) - Sagax AB  SAGAa.ST :
    * SAID ON TUESDAY IT HAD COMPLETED A DIRECTED ISSUE OF
COMMON
SHARES OF CLASS B RAISING SEK 2 BILLION
    * SUBSCRIPTION PRICE SET TO SEK 206 PER SHARE THROUGH
ACCELERATED
BOOK BUILDING PROCEDURE
    * THROUGH THE SHARE ISSUE, SAGAX WILL RAISE SEK 2,060
MILLION
BEFORE ISSUE COSTS
    * SUBSCRIPTION PRICE CORRESPONDS TO DISCOUNT OF 5.07 PERCENT
IN
RELATION TO CLOSING PRICE ON 20 JUNE ON NASDAQ STOCKHOLM
    * SHARE ISSUE SUBSCRIBED BY SWEDISH, INTERNATIONAL
PROFESSIONAL
AND INSTITUTIONAL INVESTORS
    * SHARE ISSUE INCREASES THE TOTAL NUMBER OF SHARES IN SAGAX
BY
10,000,000
    * INCREASE LEADS TO A DILUTION EFFECT OF 2.19 PERCENT BASED
ON THE
TOTAL NUMBER OF SHARES IN SAGAX AFTER THE SHARE ISSUE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr1t456F
 Further company coverage:  SAGAa.ST  

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