Ecorub AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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EcoRub AB to Conduct New Share Issue
EcoRub AB announced that the Board of Directors of the Company has decided to conduct a new issue with preferential rights for existing shareholders of a maximum of 5,662,095 new class B shares and 5,662,095 series TO 1B warrants offered in a form of units. If the new share issue is fully subscribed for, the Company would rise approximately SEK 5.1 million in proceeds. Apart from this, the Company may additionally rise approximately SEK 7.1 million if all warrants are exercised. The potential total proceeds amount to SEK 12.2 million before issue costs. The Company has received subscription commitments for SEK 2.5 million, out of which SEK 2.05 million by means of setting off previous loans. The shareholders will be assigned one unit subscription right per each share held. Each unit subscription right entitles the holder to subscribe for one unit consisting of one new class B share and one warrant. Subscription price has been set at SEK 0.90 per unit. Subscription period will run from October 3, 2013 until October 17, 2013.
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