Brief: Zwipe Board Proposes Rights Issue Of NOK 35 Million

Zwipe AS

08/11/2023 06:51

Nov 8 (Reuters) - Zwipe AS  ZWIPEZ.OL :
    * ZWIPE BOARD PROPOSES RIGHTS ISSUE OF NOK 35 MILLION
    * APPROXIMATELY NOK 24.5 MILLION OF RIGHTS ISSUE IS
GUARANTEED
THROUGH SUBSCRIPTION COMMITMENTS AND SO-CALLED BOTTOM GUARANTEE
COMMITMENTS
    * COMPANY HAS RECEIVED A SO-CALLED TOP GUARANTEE COMMITMENT
OF AN
AMOUNT CORRESPONDING TO APPROXIMATELY NOK 10.5 MILLION
    * BOARD HAS ALSO RESOLVED TO PROPOSE THAT COMPANY CARRIES
OUT A
NEW ISSUE OF CONVERTIBLE LOAN OF UP TO APPROXIMATELY NOK 10.5
MILLION
    * PROCEEDS FROM RIGHTS ISSUE ALONGSIDE AVAILABLE CASH AND
POSSIBLE
ADDITIONAL COST SAVING MEASURES ARE EXPECTED TO SUPPORT COMPANY
THROUGHOUT 2024

Source text for Eikon:  ID:nWkr1DZ8pq 
Further company coverage:  ZWIPEZ.OL 

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