Sept 24 (Reuters) - Viva Wine Group AB (publ) VIVA.ST:
SAID ON TUESDAY STARTED PROCESS TO TRANSFER ITS LISTING TO MAIN MARKET, NASDAQ STOCKHOLM, AFTER NEARLY FOUR YEARS ON NASDAQ FIRST NORTH PREMIER GROWTH MARKET
RESOLVED TO CARRY OUT SHARE DISTRIBUTION TO GENERAL PUBLIC, COMPRISING UP TO 800,000 NEWLY ISSUED SHARES
NET PROCEEDS WILL FURTHER ENHANCE GROUP'S FINANCIAL FLEXIBILITY FOR POTENTIAL FUTURE ACQUISITIONS
SUBSCRIPTION PRICE PER SHARE WILL CORRESPOND TO VOLUME-WEIGHTED AVERAGE PRICE FOR SHARE DURING SUBSCRIPTION PERIOD, WITH DISCOUNT OF 8%
ALLOCATION IN OFFERING WILL BE DECIDED BY BOARD OF DIRECTORS IN CONSULTATION WITH AVANZA
LATE HARVEST WINE GROUP 1971, WHOLLY OWNED COMPANY OF CEO EMIL SALLNÄS, WILL LEND 800,000 SHARES TO AVANZA
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Further company coverage: VIVA.ST
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