Brief: Studentbostader I Norden Completes Private Placement

Studentbostader I Norden AB (publ)

05/07/2022 08:01

July 5 (Reuters) - Studentbostader I Norden AB (publ)
 STUDBO.ST :
    * SAID ON MONDAY, SUCCESSFULLY COMPLETED DIRECTED CASH ISSUE
OF
24,970,060 SHARES AT SUBSCRIPTION PRICE OF SEK 5.01 PER SHARE
    * THROUGH PRIVATE PLACEMENT, COMPANY WILL RECEIVE ABOUT SEK
125
MLN BEFORE DEDUCTION OF TRANSACTION COSTS AT A PREMIUM OF 30.3%
COMPARED TO CLOSING PRICE OF THE COMPANY'S SHARE ON JULY 4, 2022
    * SUBSCRIPTION PRICE IN PRIVATE PLACEMENT HAS BEEN
DETERMINED
THROUGH AN ACCELERATED BOOKBUILDING PROCEDURE CONDUCTED BY
ARCTIC SECURITIES
    * THE PRIVATE PLACEMENT WAS SUBSCRIBED FOR BY EXISTING
SHAREHOLDERS
    * THE COMPANY INTENDS TO USE NET PROCEEDS FROM PRIVATE
PLACEMENT
PRIMARILY TO FINANCE ONGOING PROJECT DEVELOPMENT AND
ACQUISITIONS



        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN8N44Qd
 Further company coverage:  STUDBO.ST  

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