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BRIEF-Paion to issue about 2.4 mln shares at EUR 2.05 per share
February 7, 2017 / 7:56 AM / 10 months ago

BRIEF-Paion to issue about 2.4 mln shares at EUR 2.05 per share

Feb 7 (Reuters) - Paion AG :

* To issue about 2.4 million shares at 2.05 euros per share in capital increase with subscription rights

* Paion will receive gross proceeds of about 4.99 million euros ($5.33 million) for capital increase with subscription rights

* To increase company’s registered share capital against contribution in cash from 55,757,094.00 euros by 2,439,023.00 euros to 58,196,117.00 euros

* Intends to use proceeds of capital increase primarily to prepare and submit an application for market approval of Remimazolam in Japan Source text for Eikon: Further company coverage: ($1 = 0.9358 euros) (Gdynia Newsroom)

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