Brief: Tecnotree Receives EUR 22 Mln Investment Offer, Plans Directed Share Issue

Tecnotree Oyj

09/07/2021 12:33

July 9 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * TECNOTREE RECEIVES 22 MN EURO INVESTMENT OFFER - PLANS
DIRECTED
SHARE ISSUE
    * TECNOTREE RECEIVES 22 MN EURO INVESTMENT OFFER - PLANS
DIRECTED
SHARE ISSUE
    * IS PLANNING A DIRECTED SHARE ISSUE TO RAISE APPROXIMATELY
EUR 22
MILLION IN GROSS PROCEEDS
    * PURPOSE OF PLANNED DIRECTED ISSUE IS TO SUPPORT DEBT
REPAYMENT
CAPABILITY AND STRENGTHEN WORKING CAPITAL OF COMPANY.
    * PURPOSE OF PLANNED DIRECTED ISSUE IS TO SUPPORT DEBT
REPAYMENT
CAPABILITY AND STRENGTHEN WORKING CAPITAL OF COMPANY
    * SUBSCRIPTION PRICE WOULD BE EUR 0.72
    * BOARD OF DIRECTORS DEEMS THAT A DIRECTED SHARE ISSUE IS
CURRENTLY BEST AVAILABLE ALTERNATIVE FOR COMPANY TO RAISE NEW
CAPITAL EFFICIENTLY

Source text for Eikon:  ID:nWkr4FFS50 
Further company coverage:  TEM1V.HE 

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