Brief: Simris Alg Carries Out Rights Issue Of About SEK 57.5 Mln

Simris AB

23/09/2019 07:59

Sept 23 (Reuters) - Simris Alg AB  SIMRISb.ST :
    * CARRIES OUT RIGHTS ISSUE OF ABOUT SEK 57.5 MILLION
    * HAS DECIDED TO CARRY OUT RIGHTS ISSUE OF UNITS AND A
DIRECTED
ISSUE OF WARRANTS
    * SUBSCRIPTION PERIOD OCT 18-31, 2019
    * IN CONNECTION WITH RIGHTS ISSUE, CO HAS TAKEN OUT A LOAN
WITH A
MATURITY OF APPROXIMATELY 12 MONTHS TO FINANCE EXPANSION
    * SUBSCRIPTION PRICE IS SEK 14.00 PER UNIT, CORRESPONDING TO
SEK
3.50 PER SHARE
    * ALSO REVISES ITS SALES TARGETS FOR 2019 FROM SEK 7-12
MILLION TO
SEK 5-8 MILLION DUE TO DELAY IN E-COMMERCE PROJECT
    * INVESTORS PARTICIPATING IN DIRECTED ISSUE OF WARRANTS HAVE
LENT
ABOUT SEK 7.8 MILLION TO CO WITH MATURITY AROUND NOVEMBER 2020,
AND ANNUAL INTEREST RATE OF BETWEEN 7% AND 9%

Source text for Eikon:  ID:nWkr7tBW6S 
Further company coverage:  SIMRISb.ST 

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