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Last day for subscription in Cline Scientific AB’s (publ) rights issue

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR IN ANY OTHER JURISDICTION WHERE THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER ACTION.

The last day for subscription in Cline Scientific AB’s (publ) ("Cline" or the "Company") rights issue of shares (the "Rights Issue") is on Monday, November 28, 2022. Please note that some banks and brokers may have a deadline for subscription in the Rights Issue before November 28, 2022. Shareholders should therefore check with their bank or nominee whether they have an earlier deadline for subscription

The memorandum is available on the Clines website (www.clinescientific.com/foretradesemission-2022).

 

Preliminary timetable

  • Subscription period: November 14 – November 28, 2022
  • Announcement of outcome: around December 1, 2022
  • Trading in BTA: trading in BTA (paid subscribed share) takes place until the Rights Issue is registered with the Swedish Companies Registration Office, which is expected to take place around mid-December 2022

 

Terms and conditions for the Rights Issue in summary

  • The subscription price in the Rights Issue amounts to SEK 1.10 per share regardless of share type.
  • The Rights Issue comprises a maximum of 15,452,737 shares divided into a maximum of 722,333 class A shares and a maximum of 14,730,404 class B shares. Upon full subscription in the Rights Issue, Cline will receive approximately SEK 17 million before issue costs.
  • In case of full subscription in the Rights Issue, the Company will receive approximately SEK 17 million, before deductions for issue costs, which are estimated to amount to approximately SEK 1.6 million.
  • Shareholders in the Company who, on November 10, 2022, were registered in the share register maintained by Euroclear Sweden AB have preferential rights to subscribe for new shares in the Rights Issue. For each existing A share, one (1) subscription right of series A was obtained, and for each existing B share, one (1) subscription right of series B was obtained. One (1) subscription right of series A entitles to subscription of one (1) new A share, and one (1) series B subscription right entitles you to subscribe for one (1) new B share.

 

For more information, please contact:

Patrik Sundh, CEO

Email: patrik.sundh@clinescientific.com

Phone: +46 703-585 088

 

About Cline Scientific

Cline Scientific develops advanced cancer diagnostics and regenerative medicine treatments. Cline’s unique patented surface nanotechnology provides solutions to critical challenges for cell-based products and process in Life Science. Cline is driving two projects through to a clinical stage, StemCART - a stem cell therapy for joint repair, and CellRACE- a cancer diagnostic to predict metastasis.

 

Important Information
The publication, release or distribution of this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release in those jurisdictions where this press release has been published, disclosed or distributed should inform themselves of and observe any such restrictions. This press release does not constitute an offer of, or an invitation to acquire or subscribe for, any securities of Cline Scientific in any jurisdiction.

 

This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The information contained in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United Kingdom, the United States, Canada, Japan, Australia, Hong Kong, New Zealand, South Africa, South Korea or any other jurisdiction where such release, publication or distribution would be contrary to applicable law or regulation.

Within the European Economic Area, no securities are offered to the public in any country other than Sweden.

 

This press release contains certain forward-looking information that reflects the Company's current views on future events and financial and operational developments. Words such as "intends", "estimates", "expects", "may", "plans", "believes", "estimates" and other expressions which imply indications or predictions of future developments or trends, and which are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently subject to known and unknown risks and uncertainties because it depends on future events and circumstances. Forward-looking information is not a guarantee of future performance or development, and actual results may differ materially from those expressed in the forward-looking information.

 

 

Cline Scientific AB (publ) Phone: 031-387 55 55

Argongatan 2C Email: info@clinescientific.com

431 53 MÖLNDAL  Website: www.clinescientific.com

 

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