Brief: SHL Telemedicine Completes Capital Increase

SHL Telemedicine

17/12/2020 06:07

Dec 17 (Reuters) - SHL TELEMEDICINE LTD  SHLTN.S :
    * SHL TELEMEDICINE COMPLETES CAPITAL INCREASE, RAISES CHF 35
MILLION –  INVITATION TO SGM FOR INCREASE OF AUTHORIZED CAPITAL
    * PLACEMENT SHARES WILL BE ISSUED AT A PRICE PER SHARE OF
CHF
9.00.
    * FOR EACH TWO ORDINARY SHARES ISSUED TO A PURCHASER,
COMPANY HAS
GRANTED PURCHASER AN OPTION FOR A PERIOD OF 24 MONTHS TO
PURCHASE ONE ORDINARY SHARE AT A PRICE PER SHARE OF CHF 11.00.
    * FOLLOWING PLACEMENT, NUMBER OF SHL SHARES ISSUED WILL
INCREASE
BY ABOUT 33% TO 14,467,380.
    * PLANS TO USE GROSS PROCEEDS FROM ISSUANCE OF SHARES TO
SUPPORT
GROWTH OF ITS CURRENT BUSINESS OPERATIONS IN GERMANY, AND TO
BUILD UP ITS BUSINESS IN U.S.

Further company coverage:  SHLTN.S 

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