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9 months ago
BRIEF-AdCityMedia new share issue oversubscribed four times
October 10, 2016 / 7:36 AM / 9 months ago

BRIEF-AdCityMedia new share issue oversubscribed four times

1 Min Read

Oct 10 (Reuters) - A City Media AB :

* Said on Friday issue to diversify shareholder base, which was carried out together with Avanza, was oversubscribed about four times

* Receives proceeds of about 13.2 million Swedish crowns ($1.53 million) and about 2,000 new shareholders

* Proceeds after issue costs amount to about 12 million crowns

Source text for Eikon:

Further company coverage: ($1 = 8.6231 Swedish crowns) (Gdynia Newsroom)

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