Brighter carries out a directed share issue of SEK 24.3 M through set-off and cash.
Brighter’s Board of Directors has, with authorization from the Annual General Meeting on May 9, 2019, decided to offer lenders to the company to set off previously raised loans by issuing new shares. The share issue totalling SEK 24.3 million will be made through set-off of loans of SEK 4.7 million and cash payment of SEK 19.7 million. The cash amount received will then be fully utilized to repay additional loans. The purpose of the share issue and the reason for the deviation from the shareholders' preferential rights is to strengthen the company's balance sheet in a time and capital efficient manner.
Terms:
10% discount on the VWAP during the last 15 (fifteen) trading days. The subscription price is SEK 8.82.
The number of shares in the company increases by 2,760,276, to a total of 82,537,810. The share capital increases by SEK 138 013,80 to SEK 4 126 890,5.
For further information, please contact:
Henrik Norström, CEO
Phone: +46 733 40 30 45
Email: henrik.norstrom@brighter.se
Ann Zetterberg, CFO
Phone: +46 708 37 21 23
E-mail: ann.zetterberg@brighter.se
About Brighter AB (publ).
Brighter is a Swedish-based company that, from a unique IP portfolio, creates smart solutions for one of healthcare’s biggest challenges: changing patient behavior. Chronic diseases such as diabetes are rapidly increasing, and account for an increasing share of healthcare costs globally. Brighter's Business Model and Multi-Sided Market Platform - The Benefit Loop® - is based on the fact that many special interests create value for each other. By increasing access to valid health data, Brighter creates value for all stakeholders in the care chain: patients and their close associates, healthcare providers, research institutes, the pharmaceutical industry, and society as a whole. https://brighter.se/
The Company's shares are listed on NASDAQOMX First North/BRIG. Brighter’s Certified Adviser on Nasdaq OMX First North is Eminova Fondkommission AB, +46 (0)8 – 684 211 00, info@eminova.se, www.eminova.se.
This information is information that Brighter AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:53 CET on June 24, 2019.