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Rnb Retail and Brands AB Finalizes Rights Issue Allocation


Thursday, 25 Apr 2013 01:55am EDT 

Rnb Retail and Brands AB announced that the subscription period in the Company‚Äôs rights issue ended on April 22, 2013. Through the transaction, the Company will receive approximately SEK 463 million before transaction costs. Adding the subscriptions together shows that 67.26% of the offered shares have been subscribed for with subscription rights and 4.38% of the offered shares have been subscribed for without subscription rights. The remaining 28.36% have been subscribed for by an underwriting consortium consisting of a number of investors. Notice regarding allocation of shares subscribed for without subscription rights will be sent to those who have been allocated shares within short. Through the rights issue, the share capital will increase by SEK 198,510,298.47 from SEK 4,962,757.53 to SEK 203 473 056 and the number of shares will increase with 6,617,009,949 from 165,425,251 shares to 6,782,435,200 shares, as soon as the rights issue has been registered with the Swedish Companies Registration Office. Last day for trading interim shares (Sw. BTA) is on the April 29, 2013. The new shares are expected to start trading on NASDAQ OMX Stockholm on May 8, 2013. 

Company Quote

9.45
0.3 +3.28%
12 Sep 2014