Impact Coatings announces directed share issue to Hyundai Motor Company and Accendo Capital at a price premium and Hyundai nominates board member, both subject to EGM approval
The board of directors of Impact Coatings AB (Sweden) has today resolved on a directed issue of 5 400 000 new shares to Hyundai Motor Company (South Korea) and 3 857 143 new shares to Accendo Capital (Luxembourg). Hyundai has nominated Sukhwan Yun to the Impact Coatings board of directors. The share issue and board election are subject to approval by an extraordinary general meeting of shareholders to be convened on November 22, 2019. The issue has a subscription price of SEK 7.00 per share, which corresponds to a pre-agreed 30 per cent premium to the five-day volume-weighted average share