Brief: Svenska Nyttobostader Decides On Guaranteed Rights Issue

Svenska Nyttobostader AB (publ)

27/06/2023 09:12

June 27 (Reuters) - Svenska Nyttobostader AB  NYTTO.ST :
    * SAID ON MONDAY CO DECIDED ON APPROXIMATELY 80% GUARANTEED
RIGHTS
ISSUE OF ABOUT SEK 250 MILLION
    * SUBSCRIPTION PRICE IS SEK 35 PER SHARE
    * SUBSCRIPTION RATIO IS 2:35; 35 EXISTING ORDINARY SHARES
ENTITLE
THE HOLDER TO SUBSCRIBE FOR 2 NEW ORDINARY SHARES
    * SUBSCRIPTION PERIOD RUNS FROM AND INCLUDING JULY 5 TO AND
INCLUDING JULY 19, 2023
    * PURPOSE IS TO STRENGTHEN CO'S FINANCIAL POSITION, TO
ENABLE
STRATEGIC DEVELOPMENT
    * PROCEEDS TO REPAY OWNER LOANS FROM ALM EQUITY WITH
FRAMEWORK
AMOUNT OF SEK 80 MLN, OF WHICH SEK 30 MLN HAS BEEN BORROWED PER
TODAY
    * REMAINING PART OF NET PROCEEDS TO BE USED TO PARTIALLY
FINANCE
REPAYMENT OF LOANS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr7khyzV
 Further company coverage:  NYTTO.ST  

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