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BioPorto A/S Updates on Offering of Shares with Pre-Emptive Subscription Rights to Existing Shareholders


Friday, 16 Aug 2013 07:37am EDT 

BioPorto A/S announced that it has published the prospectus in connection with offering of shares with pre-emptive subscription rights to existing shareholders. In accordance with the Company‚Äôs previously announced plans for securing additional funding, the Board of BioPorto has, on August 16, 2013, decided to offer a minimum of 40,000,000 and maximum of 70,724,526 new shares completed with pre-emptive subscription rights to existing shareholders (the Offering). The subscription price is DKK 1 per new share. The Company has received advance undertakings as well as guarantee commitments to subscribe for a total of 45,237,435 new shares equal to 64% of the Offering and exceeding the minimum offer of 40,000,000 new shares. In regards to the Offering, the offering comprises of a minimum of 40,000,000 and maximum of 70,724,526 new shares each with a nominal value of DKK 1. The subscription price is DKK 1 per share of nominally DKK 1. The offering will be completed with pre-emptive subscription rights to existing shareholders in BioPorto A/S. The subscription period commences on August 23, 2013 and closes on September 5, 2013. Upon full subscription of the Offering, the gross proceeds will amount to a total of DKK 70,724,526 and the estimated net proceeds are expected to amount to approximately DKK 65.4 million. Upon minimum subscription of 40,000,000 shares, the estimated net proceeds are expected to amount to approximately DKK 35 million. 

Company Quote

1.67
-0.04 -2.34%
30 Mar 2015