May 23, 2017 / 5:47 AM / 2 months ago

BRIEF-Axactor raises gross proceeds of NOK 107.50 mln through private placement

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May 23 (Reuters) - AXACTOR AB (PUBL):

* Axactor Ab - Completed Private Placement

* HAS DECIDED TO ISSUE 50 MILLION NEW SHARES THROUGH A PRIVATE PLACEMENT ( PRIVATE PLACEMENT), RAISING TOTAL GROSS PROCEEDS TO COMPANY OF APPROXIMATELY NOK 107.50 MILLION

* SHARES ARE ISSUED AT A PRICE OF NOK 2.15 PER SHARE, WHICH IS EQUAL TO CLOSING PRICE ON MAY 22, 2017

* NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED FOR ACQUISITIONS OF NON-PERFORMING LOAN PORTFOLIOS IN EXISTING GEOGRAPHIES, AS WELL AS FOR GENERAL CORPORATE PURPOSES Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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