Brief: Conferize: Unrealistic To Achieve Positive Cash Flow During 2021

Unlimit A/S

28/08/2020 08:04

Aug 28 (Reuters) - Conferize A/S  CONFRZ.CO :
    * CONFERIZE A/S SAYS IT IS UNREALISTIC TO ACHIEVE POSITIVE
CASH
FLOW DURING 2021
    * BOARD IS IN DIALOGUE WITH POTENTIAL INVESTORS ON FINANCING
IN
FORM PRIVATE PLACEMENT IN AUTUMN OF 2020
    * BOARD INTENDS TO SEEK ADDITIONAL DKK 20-30 MILLION THROUGH
CAPITAL INCREASE IN Q2 2021, WHICH WILL BE ENOUGH TO LEAD CO TO
PROFITABLE OPERATION DURING 2022
    * CLAUS BRETTON-MEYER TO BE NEW CHAIRMAN REPLACING LARS
KOLIND
    * IF OBTAINING FINANCING IS NOT SUCCESFULL, BOARD WILL
INITIATE
CONTROLLED DIVESTMENT OR CLOSURE OF CO'S ACTIVITIES

Source text for Eikon:  ID:nGNERB3yW 
Further company coverage:  CONFRZ.CO 

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