Observe Medical ASA – Key information relating to the preferential rights issue
Reference is made to the stock exchange announcement published by Observe Medical ASA (the "Company") earlier today, on 14 January 2022, regarding the resolution by the Company's board of directors to propose that the Company carries out a share capital increase, by way of a fully underwritten rights issue, to raise gross proceeds of NOK 180 million (the "Rights Issue").
Date on which the terms and conditions of the preferential rights issue were announced: 14 January 2022
Last day including right: 4 February 2022
Ex-date: 7 February 2022
Record Date: 8 February 2022
Date of approval: 4 February 2022
Maximum number of new shares: 180,000,000
Subscription price: Minimum NOK 1 and maximum NOK 30.00
Ratio preferential rights: To be announced when final number of new shares is determined
Subscription ratio: To be announced when final number of new shares is determined
Managers: Carnegie AS and DNB Markets, a part of DNB Bank ASA
Will the rights be listed: The Company will apply for listing of the preferential rights on Euronext Expand
ISIN for the preferential rights: To be announced when clarified
Other information: The subscription price for the new shares to be issued in the Rights Issue, and thus the exact number of new shares and the exact amount of the share capital increase, will be determined by the board of directors, based on a recommendation from the Managers, the day prior to the extraordinary general meeting to be held on 4 February 2022 (the "EGM"). See the stock exchange announcement containing the notice to the EGM published earlier today, on 14 January 2022, for further information regarding the Rights Issue. The rights issue is subject to approval by the EGM.
This information is published in accordance with the requirements of the Continuing Obligations.