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PA Resources AB Updates on Rights Issue


Friday, 25 Jan 2013 02:00am EST 

PA Resources AB (PA) announced that the subscription period for PA's rights issue ended January 23, 2013. The preliminary result of the rights issue indicates that approximately 3,569 million shares, representing approximately 51% of the shares offered, were subscribed for with primary preferential right. Of these, approximately 2,334 million represented A-shares and approximately 1,235 million represented B-shares. Additionally, subscription forms corresponding to approximately 194 million shares have been received for subscription with subsidiary preferential right and without preferential right. The remaining approximately 3,290 million shares will be allotted to the guarantors pro rata in relation to their total undertaking. Through the rights issue, PA will receive proceeds amounting to approximately SEK 705 million before transaction related costs. Through the rights issue PA's share capital increases by SEK 705,275,104.80 to SEK 1,414,599,897.20. The number of shares increases by 7,052,751,048 shares to 14,145,998,972 shares. The last day for trading in paid subscribed shares (BTA-A) on NASDAQ OMX Stockholm will be January 25, 2013. New A-shares subscribed for with primary preferential right are expected to start trading on NASDAQ OMX Stockholm February 1, 2013, and new A-shares subscribed for with subsidiary preferential right and without preferential right are expected to start trading on NASDAQ OMX Stockholm February 4, 2013. 

Company Quote

6.9
0.45 +6.98%
11:29am EDT