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ZIGN — ZignSec AB (publ) News Story

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BRIEF-Zignsec Resolves On Rights Issue Of SEK 59.2 Mln

May 25 (Reuters) - ZignSec AB (publ)  ZIGN.ST :
    * RESOLVES ON A RIGHTS ISSUE OF APPROXIMATELY 59.2 MSEK
GUARANTEED
UP TO APPROXIMATELY 74 PERCENT
    * RIGHTS ISSUE IS CARRIED OUT WITH PURPOSE OF FINANCING A
DEFERRED
PAYMENT TO WEB SHIELD LTD, PRODUCT DEVELOPMENT AND EXPAND
COMPANY'S SALES ORGANIZATION.
    * RIGHTS ISSUE IS GUARANTEED UP TO APPROXIMATELY 74 PERCENT
THROUGH SUBSCRIPTION COMMITMENTS
    * BOARD OF DIRECTORS MAY RESOLVE ON AN OVER-ALLOTMENT OPTION
OF UP
TO APPROXIMATELY SEK 20 MILLION, CONDITIONAL UPON RIGHTS ISSUE
BEING OVERSUBSCRIBED
    * RIGHTS ISSUE OF A MAXIMUM OF 16,915,622 SHARES
CORRESPONDING TO,
UPON FULL SUBSCRIPTION, TOTAL PROCEEDS OF APPROXIMATELY SEK 59.2
MILLION BEFORE ISSUE COSTS.
    * SUBSCRIPTION PRICE OF SEK 3.50 PER SHARE.
    * SUBSCRIPTION PERIOD FOR RIGHTS ISSUE IS EXPECTED TO BEGIN
ON 28
JUNE 2022 AND TO END ON 12 JULY 2022.
    * OVER-ALLOTMENT OPTION THAT BOARD OF DIRECTORS MAY RESOLVE
ON
CONSISTS OF UP TO 5,714,285 NEW SHARES

Source text for Eikon:  ID:nMFNbRvGwc 
Further company coverage:  ZIGN.ST 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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