November 14, 2018 / 6:46 AM / a month ago

BRIEF-Hansa Medical: SEK 453 Mln Before Issue Costs In New Issue

Nov 14 (Reuters) - Hansa Medical AB:

* ANNOUNCED ON WEDNESDAY CLOSING OF DIRECTED SHARE ISSUE CONSISTING OF 1,776,765 ORDINARY SHARES AT PRICE OF SEK 255 PER SHARE

* SHARE ISSUE WILL RAISE PROCEEDS TO THE COMPANY OF SEK 453 / $50 MILLION BEFORE ISSUE COSTS

* SHARE ISSUE WAS SIGNIFICANTLY OVERSUBSCRIBED DUE TO HIGH DEMAND FROM US, UK, SWISS AND SWEDISH INSTITUTIONAL INVESTORS INCLUDING CONSONANCE CAPITAL, REDMILE GROUP, POLAR CAPITAL AND HBM PARTNERS

* IN CONNECTION WITH SHARE ISSUE, CO’S LARGEST SHAREHOLDER NEXTTOBE SOLD PART OF STAKE CORRESPONDING TO 888,382 ORDINARY SHARES IN HANSA MEDICAL AT THE SAME PRICE AS THE SHARE ISSUE

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Further company coverage: (Gdynia Newsroom)

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