Brief: Spineway signs a partnership deal with TINAVI Medical Technologies
22/09/2016 16:45
Sept 22 (Reuters) - Spineway SAS ALSPW.PA :
* Has just signed a 5-year partnership agreement with TINAVI
Medical Technologies (China) for distributing group's implant
ranges.
* Will propose a capital increase to its shareholders
* A stock subscription warrant will be attached to each of
these newly issued shares, with 10 stock subscription warrants
giving right to subscribe to 11 additional new shares at a unit
price of 4.09 euros ($4.59) each, representing a total of
390,786 additional new ordinary shares, representing a further
maximum subscription of 1,598,314.74 euros (share premium
included)
* These stock subscription warrants may be exercised from
1(st) June to 15(th) September, 2017.
* Signs a partnership deal with TINAVI Medical Technologies
* Transaction will involve issue of 355,260 new shares at a
price of 3.94 euros each, giving TINAVI Medical Technologies
9.09 pct share of capital and 5.04 pct of voting rights
Source text for Eikon: ID:nGNE1N0mXr
Further company coverage: ALSPW.PA
($1 = 0.8904 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))