Brief: Stenocare Is Debt-free

StenoCare A/S

30/06/2020 13:58

June 30 (Reuters) - Stenocare A/S  STENO.CO :
    * STENOCARE IS DEBT FREE
    * BOARD OF DIRECTORS HAS DECIDED TO REPAY ITS OUTSTANDING
LOAN-BALANCE OF DKK 9.7 MILLION, INCLUDING ACCRUED INTEREST
    * MANAGED ITS PRIOR CASH RESERVES CAREFULLY, AND AS A
RESULT, CASH
AT HAND WAS ABOUT DKK 10 MILLION BY TIME RIGHTS ISSUE WAS
LAUNCHED
    * PAYMENT WILL BE MADE TODAY FROM CASH AT HAND BEFORE RIGHTS
ISSUE
    * BOARD OF DIRECTORS THEREFORE FINDS STENOCARE TO BE IN A
VERY
STRONG FINANCIAL POSITION AND HAS THUS DECIDED TO REPAY
REMAINING DKK 9.7 MILLION OF LOAN OUT OF FUNDS ALREADY IN PLACE
BEFORE ISSUE.
    * HAS NO INTEREST-BEARING DEBT AND AT SAME TIME DKK 40
MILLION
(NET) PROCEEDS FROM ISSUE IN BANK

Source text for Eikon:  ID:nWkr891SkW 
Further company coverage:  STENO.CO 

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