Information relating to the decided rights issue in Vicore Pharma

2018-09-12 | Regulatory

The Board of Directors of Vicore Pharma Holding AB (publ) (”Vicore”) informs about the time plan for the rights issue (the ”Rights issue”) that was resolved at the Extraordinary General Meeting on 13 August, 2018.

The Rights issue in summary

Those registered as shareholders in Vicore on the record date, 17 September 2018, are entitled to receive subscription rights entitling to preferential rights to subscribe for shares in the Rights issue. Each existing share entitles to one (1) subscription right. Three (3) subscription rights entitle to subscription of one (1) share. Insofar as new shares are not subscribed for with preferential rights, these shall be offered to shareholders and other investors that have applied for subscription of shares in Vicore. The subscription price has been set at SEK 10.00 per share, which implies that the Rights issue will provide Vicore with SEK 82.4M before issue costs, by issuing a maximum of 8,240,002 shares. Shareholders who choose not to participate in the Rights issue will be diluted by up to 25.0 percent, but are able to economically compensate themselves for the dilutive effect by selling their subscription rights.

In connection with the Rights issue a number of existing shareholders have entered into subscription commitments or have declared their intention to subscribe for shares amounting to approximately SEK 57.7M, corresponding to approximately 70 percent of the Rights issue.

Time plan

  • Last day of trading in the share including the right to receive subscription rights: 13 September, 2018
  • First day of trading in the share excluding the right to receive subscription rights: 14 September, 2018
  • Record date for participation in the Rights issue: 17 September, 2018
  • Subscription period: 19 September – 3 October, 2018
  • Trading in subscription rights: 19 September – 1 October, 2018
  • Trading in paid subscribed shares (interim shares): from September 19, 2018 until conversion of paid subscription shares to ordinary shares is effectuated
  • Announcement of the outcome in the Rights issue: around 10 October, 2018
  • Conversion of paid subscribed shares to ordinary shares: Week 43

For further information, please contact:

Dr. Carl-Johan Dalsgaard, CEO: +46 709 759 863,