Brief: Vitec Software Resolves On Directed Issue Of 2,200,000 Shares

Vitec Software AB (publ)

10/11/2022 08:41

Nov 10 (Reuters) - Vitec Software Group AB  VITb.ST :
    * SAID ON WEDNESDAY BOD HAS RESOLVED ON DIRECTED ISSUE OF
2,200,000 SHARES OF SERIES B AT PRICE OF SEK 379 PER SHARE
    * WILL RECEIVE PROCEEDS OF SEK 833,800,000 BEFORE
TRANSACTION
COSTS THROUGH DIRECTED ISSUE
    * SHARE PRICE CORRESPONDS TO DISCOUNT OF ABOUT 9% IN
RELATION TO
CLOSING PRICE ON NOV 9, DISCOUNT OF ABOUT 2% IN RELATION TO
VOLUME-WEIGHTED AVERAGE PRICE DURING LAST MONTH
    * NEW SHARES IN SHARE ISSUE WERE OFFERED, ALLOTTED TO
SWEDISH,
INTERNATIONAL PROFESSIONAL, INSTITUTIONAL INVESTORS
    * SHARE ISSUE WAS OVERSUBSCRIBED
    * INTENDS TO USE NET PROCEEDS TO IMPLEMENT GROWTH STRATEGY
WITH
ACQUISITIONS OF, INVESTMENTS IN COMPANIES, OPERATIONS, PRODUCT
RIGHTS OR OTHER ASSETS THAT COMPLEMENT THE BUSINESS

        
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