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Remedy Offers 1m Shares to Institutional Investors


Feb 19, 2021 08:33 EST
It was only yesterday that Remedy revealed that they intended to issue one million shares to institutional investors. Today, that intension is made real, and Remedy is now issuing one million shares; this will correspond to 7.65 of all shares and voting rights within the company post-issuance. This will raise €41.5 million for the company before deductions like commission and expenses, not a small amount when considering what the company can do with this number.
First, here s some information from the announcement of the issuance:
The Board of Directors of the Company has decided in its meeting on 18 February 2021 to issue 1,000,000 new shares in the Company (the “Issue Shares”) on the basis of the authorization granted to it by the Annual General Meeting of the Company held on 6 April 2020 and approved the terms and conditions of the Share Issue. The Issue Shares offered in the Share Issue correspond to approximately 8.28 per cent of ....

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