STENOCARE founders to satisfy demand for subscription rights

STENOCARE A/S

NASDAQ FIRST NORTH GROWTH MARKET

DENMARK TICKER: STENO

The Founders of STENOCARE have agreed to sell subscription rights, today, the last day of trading in subscription rights in the ongoing rights issue, in order to satisfy current demand at present market levels. The Company will confirm how many rights have been sold by the Founders following the close of trading today.  The Founders are committed  to re-invest all proceeds from such sales in the issue in order to maintain their position as “not-selling-shareholders”  to the extent that the issue is not otherwise fully subscribed.
 

This information is information that STENOCARE A/S is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by STENOCARE A/S for publication on June 9, 2020.

Any questions on this matter can be directed to:

Keswick Global AG, Hoffingergasse 16/1/6, 1120 Vienna, Austria,

Telephone +43 1 740 408045 /  E-mail: info@keswickglobal.com

Certified Adviser

STENOCARE’s Certified Adviser will be Keswick Global AG, Reg. FN 332389 h, Hoffingergasse 16/1/6, 1120 Vienna, Austria, telephone number +43 1 740 408045   E-mail: info@keswickglobal.com
About STENOCARE A/S

STENOCARE A/S was founded in 2017 with the purpose of being an active participant in the Danish medical cannabis pilot program. The company was first to receive the Danish Medicines Agency's permission to import, distribute as well as cultivate and produce medical cannabis. The company offers medical cannabis oil that complies with the strict Danish regulatory requirements. STENOCARE is building a state-of-the-art production facility for the cultivation and production of medical cannabis at the company’s premises in Jutland, Denmark.