May 26, 2017 / 1:01 PM / 2 months ago

BRIEF-Emotra to carry out rights issue of up to 5.3 mln shares

1 Min Read

May 26 (Reuters) - EMOTRA AB:

* SAYS DECIDES TO CARRY OUT A RIGHTS ISSUE OF UP TO 5,287,700 SHARES

* FULLY SUBSCRIBED RIGHTS ISSUE GIVES EMOTRA PROCEEDS OF ABOUT SEK 17.5 MILLION BEFORE ISSUE COSTS

* MOTIVE FOR RIGHTS ISSUE IS TO PROVIDE COMPANY WITH WORKING CAPITAL FOR MARKET LAUNCH OF COMPANY'S EDOR METHOD

* Subscription Price Is Sek 3.30 Per Share

* Subscription Period Runs from June 7 to June 21

Source text: bit.ly/2s35MmY

Further company coverage: (Gdynia Newsroom)

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