Brief: SaltX Technology Holding Carries Out Rights Issue Of About SEK 80.6 Million

SaltX Technology Holding AB (publ)

15/10/2019 07:04

Oct 15 (Reuters) - SaltX Technology Holding AB  SALTb.ST :
    * CARRIES OUT A FULLY GUARANTEED RIGHTS ISSUE OF
APPROXIMATELY SEK
80.6 MILLION
    * COMPANY'S BOARD OF DIRECTORS PROPOSES A RIGHTS ISSUE OF
APPROXIMATELY SEK 80.6 MILLION
    * 14 NOVEMBER - 28 NOVEMBER 2019 - SUBSCRIPTION PERIOD.
    * RIGHTS ISSUE IS FULLY GUARANTEED THROUGH A SUBSCRIPTION
COMMITMENT FROM LARGEST OWNER INDUSTRIFONDEN AND THROUGH
GUARANTEE COMMITMENTS FROM A GUARANTEE CONSORTIUM
    * SUBSCRIPTION PRICE IN RIGHTS ISSUE IS SEK 5.55 PER SHARE.
    * PURPOSE OF RIGHTS ISSUE IS TO PROVIDE COMPANY WITH
FINANCIAL
RESOURCES TO ENABLE CONTINUED DEVELOPMENT AND COMMERCIALIZATION
OF COMPANY'S ENERGY STORAGE SOLUTION

Source text for Eikon:  ID:nWkr326bJJ 
Further company coverage:  SALTb.ST 

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