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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Directors Deals Ltd.
Provider: Directors Deals Ltd.

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Efore Plc Announces New Share Issue

Thursday, 26 Sep 2013 08:05am EDT 

Efore Plc announced that the Board of Directors of the Company has decided to execute a share issue directed for subscription by the public in Finland (Share Issue). The purpose of the Share Issue is to strengthen the Company’s financial position. The Company has engaged Alexander Corporate Finance Oy as financial advisor for the strengthening of its financial position. The subscription period of the Share Issue shall begin on October 1, 2013. The Company shall announce the combined total of subscriptions made during the Share Issue around October 9, 2013 after the subscription period has ended. A maximum of 8,000,000 new shares in the Company (New Shares) shall be offered for subscription by the public in Finland, in deviation from the shareholders’ pre-emption rights, at the subscription price of EUR 0.69 per share. The subscription period of the New Shares shall begin on October 1, 2013 at 9.00 a.m. and end at the latest on October 8, 2013 at 4.00 p.m. The minimum subscription shall be 3,000 New Shares. If all the New Shares are fully subscribed in the Share Issue, the New Shares will, following the Share Issue, represent approximately 16.7% of all of the Company’s shares and related voting rights. 

Company Quote

0.01 +1.20%
11:29am EDT