Brief: Ultimovacs Contemplates Private Placement

Zelluna ASA

27/05/2020 15:37

May 27 (Reuters) - Ultimovacs ASA  ULTIMO.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATES A PRIVATE PLACEMENT OF NOK 160 MILLION
    * TOTAL NUMBER OF OFFER SHARES TO BE ISSUED WILL DEPEND ON
FINAL
OFFER PRICE AND SIZE TO BE DETERMINED FOLLOWING A BOOKBUILDING
PROCESS
    * NET PROCEEDS OF PRIVATE PLACEMENT WILL SECURE ULTIMOVACS'
FUNDING OF ITS PART OF EXPECTED PROJECT COSTS IN NEW RANDOMIZED
PHASE II TRIAL AND FURTHER STRENGTHEN OVERALL CLINICAL
DEVELOPMENT PROGRAM OF ULTIMOVACS AS WELL AS GENERAL CORPORATE
PURPOSES.
    * SUBSCRIPTION PRICE AND ALLOCATION OF SHARES IN PRIVATE
PLACEMENT
WILL BE DETERMINED THROUGH AN ACCELERATED BOOKBUILDING PROCESS

Source text for Eikon:  ID:nObiX7P0pa 
Further company coverage:  ULTIMO.OL 

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