Brief: Spineway Obtains State-Guaranteed Loan Of 1.1 Million Euros

Spineway SA

20/05/2020 17:26

May 20 (Reuters) - SPINEWAY SA  ALSPW.PA :
    * OBTAINS A STATE-GUARANTEED LOAN (PGE) OF €1.13 MILLION
    * ANNOUNCES RESERVED CAPITAL INCREASE OF €4.6 MILLION
    * NEW SHARES ISSUED AS PART OF THE PRIVATE PLACEMENT
REPRESENT
26.6% OF THE CAPITAL AFTER THE OPERATION
    * SETTLEMENT AND DELIVERY WILL TAKE PLACE BY 22 MAY 2020
    * ISSUES 456,521,700 NEW ORDINARY SHARES WITH A PAR VALUE OF
EUR
0.01 PER SHARE
    * LOAN  STRENGTHENS GROUP'S CASH POSITION AND ENABLES IT TO
MAINTAIN ACTIVITIES UNTIL THE RESUMPTION OF SURGERY IN ALL ITS
OPERATING AREAS
    * NEW SHARES ARE LISTED ON EURONEXT GROWTH OF EURONEXT PARIS
ON
THE SAME QUOTATION LINE AS THE EXISTING SHARES


Further company coverage:  ALSPW.PA 

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