Genovis carries out directed share issue to raise SEK 11.5 million for the company
In accordance with the authorization granted by the Annual General Meeting on May 12, 2016, the Board of Directors of Genovis has resolved to carry out a directed share issue of 5,000,000 shares to a small group of qualified investors. The subscription price has been set at SEK 2.30 per share.Selected qualified investors have subscribed to the rights issue. Through the rights issue, the company will raise proceeds of SEK 11.5 million before transaction costs, which are estimated at SEK 690 thousand. The price per share is SEK 2.30 and is 8 percent below the volume-weighted average price