Brief: Zignsec Initiates Strategic Review, Carries Out Rights Issue

ZignSec AB (publ)

30/04/2024 07:42

April 30(Reuters) - Zignsec Ab (Publ)  ZIGN.ST :
    * SAID ON MONDAY ZIGNSEC IS EXPLORING STRATEGIC ALTERNATIVES
TO
MAXIMIZE SHAREHOLDER VALUE, WHICH COULD INCLUDE A SALE OF THE
COMPANY OR OTHER TRANSACTIONS
    * THE COMPANY HAS RECEIVED INTEREST FROM OTHER CORPORATIONS
AND
PRIVATE EQUITY FIRMS ABOUT POTENTIAL STRATEGIC OPPORTUNITIES,
SUCH AS AN ACQUISITION
    * THE BOARD OF DIRECTORS HAS DECIDED TO CARRY OUT A RIGHTS
ISSUE
OF A MAXIMUM OF 134,069,970 SHARES
    * SHARES OF APPROXIMETLY SEK 33.5 MILLION BEFORE ISSUE COSTS
    * THE SUBSCRIPTION PRICE FOR THIS RIGHTS ISSUE IS SEK 0.25
PER
SHARE
    * ADDITIONALLY, THE COMPANY HAS RECEIVED UNDERWRITING
COMMITMENTS
OF APPROXIMATELY SEK 14.5 MILLION, WHICH IS ABOUT 43.2% OF THE
RIGHTS ISSUE
    * THEREFORE, THE RIGHTS ISSUE IS SECURED TO APPROXIMATELY
SEK 25.1
MILLION, IN TOTAL AROUND 75% OF THE RIGHTS ISSUE

        
 Source text for Workspace:  ZIGN.ST 
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