May 19, 2020 / 4:08 PM / 12 days ago

BRIEF-Idorsia Launches Offering Of New Shares

May 19 (Reuters) - Idorsia Ltd:

* IDORSIA LAUNCHES AN OFFERING OF NEW SHARES TO FUND THE COMPANY’S GROWTH PLAN

* NET PROCEEDS TO PREPARE TO LAUNCH COMPANY’S FIRST PRODUCT AND TO BE ABLE TO FUND COMPANY’S RESEARCH AND CLINICAL DEVELOPMENT PROGRAMS

* PAR VALUE OF CHF 0.05 PER SHARE

* AN ACCELERATED BOOK-BUILDING PROCESS WHICH WILL START IMMEDIATELY. OFFER PRICE AS WELL AS NUMBER OF OFFER SHARES TO BE SOLD WILL BE ANNOUNCED UPON COMPLETION OF BOOK-BUILDING PROCESS WHICH IS EXPECTED PRIOR TO MARKET OPENING ON MAY 20, 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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