Sweden Buyersclub Resolves To Carry Out Rights Issue Of About SEK 30 Mln

About this update from Sweden Buyersclub Ab

Sweden Buyersclub AB OMXSTO:BUY:SAID ON FRIDAY RESOLVED TO CARRY OUT A RIGHTS ISSUE OF ABOUT SEK 30 MILLIONTHE SUBSCRIPTION PRICE HAS BEEN SET AT SEK 6.05 PER SHARETHE RIGHTS ISSUE IS BEING CARRIED OUT WITH THE AIM OF STRENGTHENING THE COMPANY'S WORKING CAPITAL, FINANCING A MOVE TO A NEW, LARGER WAREHOUSE AND TO FINANCE THE COMPANY'S PLANNED ACQUISITION AGENDATHE RIGHTS ISSUE COMPRISES A MAXIMUM OF 4,955,369 NEW SHARESTHE SUBSCRIPTION PERIOD RUNS FROM JULY 29 TO AUGUST 12Source textFurther company coverage:

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