Genovis’ Board of Directors Has Decided Upon A Private Placement
1/17/2014 9:19:21 AM
Following authorization by the Extraordinary General Meeting of November 19,
2013, Genovis’ Board of Directors has decided upon a private placement of a
maximum of 804,643 shares in the company. The subscription period runs until
January 20 and the subscription price is SEK 4.50, which is the same as in the
rights issue with the subscription period December 2 to 16, 2013.The issue will
raise a maximum of SEK 3.6 million for the company and share capital could
increase by a maximum of SEK 321,857.20. Following the completed private
placement, share capital will amount to a maximum of SEK 8,738,260.80 and the
number of shares will be a maximum of 21,845,652. The reason for deviation from
shareholders’ preferential rights is to be able to take advantage of interest
from underwriters within the framework of issued underwriting guarantees in the
rights issue with the subscription period December 2-16, 2013.
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