Myriad Group AG raises USD 35.8 million in a private placement Mittwoch, 08. April 2015 - 18:00
Myriad Group AG raises USD 35.8 million in a private placement
ZURICH, Switzerland – 8th April, 2015 – Myriad Group AG (SIX Swiss Exchange: MYRN) the company creating and connecting communities across mobile, today announced that it has raised gross proceeds of CHF 34.4 million in a private placement of 8,600,000 new registered shares issued to international institutional investors.
Stephen Dunford, CEO of Myriad, said: “The proceeds from today’s placement will be used to accelerate the growth and enrich the content of our msngr ecosystem.”
The new shares have been placed at CHF 4.00 per share, corresponding to a 6.1% discount to the volume weighted average closing share price during the 30 preceding trading days and a 3.3% discount to the preceding 60 trading days. The new shares, with a par value of CHF 0.10 each, will be issued from the Company’s authorised share capital and will represent 7.8% of the outstanding share capital after the transaction. Following the placement the Company has no remaining authorised unissued share capital and will not be requesting approval for further authorised unissued share capital at the AGM on 14th April, 2015. The 8,600,000 new shares will be listed on the SIX Swiss Exchange and their first day of trading will be on or around 17 April 2015.
The listing prospectus according to Scheme A of the Listing Rules of SIX Exchange Regulation will be published on Myriad Group’s website http://www.myriadgroup.com
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