Term for Offer to Holders of Convertible Bonds in SCN Prolonged
The Board of Scandinavian Clinical Nutrition AB (SCN) today decided to prolong the term for the offer to holders of convertible bonds in SCN to buy shares in Scandivir until April 24, 2009.
On May 12, 2008, an Extraordinary General Meeting (EGM) in SCN decided to issue convertible bonds. On March 31, 2009, an EGM decided to offer the holders of the bonds to transfer their bonds, and the rights attached, to SCN in return for shares in Scandivir AB.
The term of the offer was set to April 17, and as per today, subscription forms for a total amount of close to MSEK 19 (out of the total amount of about MSEK 24.7) have been submitted to Mangold Fondkommission AB. In order to ensure that all holders of bonds have received the necessary information and thereby are able to consider the offer, the Board of SCN today decided to prolong the term of the offer until April 24, 2009. All other terms and conditions remain the same.
The terms and conditions in summary can be found on the company’s website, www.scnutrition.com.