Myriad Group AG Raises USD 30.2 Million in a Private Placement Dienstag, 09. September 2014 - 18:40
Myriad Group AG Raises USD 30.2 Million in a Private Placement
ZURICH, Switzerland – 9th September 2014 – Myriad Group AG (SIX Swiss Exchange: MYRN) the company creating and connecting communities across mobile, announced today that it has raised gross proceeds of CHF 28.2 million in a private placement of 9,400,000 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 development, international roll out and marketing of our innovative msngr service.”
The new shares have been placed at CHF 3.00 per share, corresponding to a 2.5 % discount to the average closing share price during the 30 preceding trading days and a premium of 14.0% to the 60 trading days average closing share price prior to today. The new shares, with a par value of CHF 0.10 each, will be issued from the Company’s authorized share capital and will represent 9.27 % of the outstanding share capital after the transaction. The 9,400,000 new shares will be listed on the SIX Swiss Exchange and their first day of trading will be on or around 7 October 2014.
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