November 26, 2019 / 7:14 AM / 16 days ago

BRIEF-Recipharm investors holding an overall 46.6% of its shares support rights issue

Nov 26 (Reuters) - Recipharm Ab (Publ):

* Larger institutional shareholders support Recipharm’s cash offer for Consort Medical and subsequent rights issue

* Certain of Recipharm’s larger institutional shareholders, Första AP-fonden, Lannebo Fonder and Fjärde AP-fonden (holding 7.4%, 7.1% and 5.1% of the total number of shares in Recipharm, respectively, and together 19.6%), support the cash offer for Consort Medical

* These investors have undertaken to fully support and vote in favour of a rights issue at a forthcoming general meeting of Recipharm and have also undertaken to subscribe for an amount corresponding to at least their respective pro rata share in a rights issue of SEK 2,000 million

* As previously announced, Recipharm’s largest shareholders, Thomas Eldered and Lars Backsell (who together hold 27.1% of the total number of shares in Recipharm), have already undertaken to vote in favour of the rights issue at the forthcoming general meeting of Recipharm and have also undertaken to subscribe for an amount corresponding to their respective pro rata share in a rights issue of SEK 2,000 million

* Current shareholders in Recipharm, together holding 46.6% of the total number of shares and 82.3% of the votes in Recipharm, have undertaken to vote in favour of a rights issue at a forthcoming general meeting of Recipharm and have also undertaken to subscribe for their respective pro rata share in the rights issue. Source text for Eikon: Further company coverage: (Reporting By Pamela Barbaglia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below