April 10, 2018 / 12:14 PM / 11 days ago

BRIEF-Efore Agrees On Short Term Financing Arrangement Of EUR 4.4 Million

April 10 (Reuters) - EFORE PLC:

* TERM FINANCING ARRANGEMENT AND PLANS RIGHTS OFFERING

* PLC HAS AGREED ON A SHORT-TERM FINANCING ARRANGEMENT OF EUR 4,4 MILLION WITH A NUMBER OF COMPANY SHAREHOLDERS

* TO PROPOSE TO AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS THAT BOARD BE AUTHORIZED TO RESOLVE ON A RIGHTS ISSUE

* COMPANY WILL ISSUE A NOTICE OF GENERAL MEETING ON A SEPARATE RELEASE LATER.

* TARGETED SIZE OF RIGHTS OFFERING IS TOTAL EUR 10-13 MILLION

* TARGETED SIZE OF RIGHTS OFFERING IS TOTAL EUR 10-13 MILLION. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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