NASDAQ OMX

Karolinska Development announces outcome of the Extraordinary General Meeting

Dela

STOCKHOLM - March 8, 2017. At the Extraordinary General Meeting of Karolinska Development AB held March 8, 2017, the following resolutions were passed:

 

Approval of the Board of Directors' resolution on a directed new issue of shares to the convertible holders (set-off issue): It was resolved to approve the Board of Directors' resolution of 6 February 2017 on a directed new issue of B-shares to the company's convertible holders, with payment by set-off.

 

The subscription price shall be SEK 6.17 for each B-share, which corresponds to the volume weighted average share price (VWAP), of the company's share, 90 trading days ending two trading days prior to announcement of the board's resolution to convene the Extraordinary Shareholder Meeting.

 

Not more than 73,133,313 new B-shares will be issued, corresponding to an increase of the share capital of not more than SEK 36,566,656.50. Assuming that all convertible holders have the possibility

to accept the offer, it will result in a set-off of in total SEK 451 million of the outstanding convertible debt.

 

Notification of subscription and payment by way of set-off shall be made during the period 20 March 2017 to 31 March 2017.

 

Amendments of the Articles of Association: To enable the set-off issue it was resolved to amend the Articles of Association, whereby the limits of the share capital is amended to minimum SEK 25,000,000 and maximum SEK 100,000,000, and that the limits for the number of shares is amended to minimum 50,000,000 and maximum 200,000,000.

For further information, please contact:
Jim Van heusden, CEO, Karolinska Development AB
Phone: +46 72 858 32 09, e-mail: jim.van.heusden@karolinskadevelopment.com 

Christian Tange, CFO, Karolinska Development AB
Phone: +46 73 712 14 30, e-mail: christian.tange@karolinskadevelopment.com

 

TO THE EDITORS

About Karolinska Development AB
Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients' lives while providing an attractive return on investment to shareholders.

Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

Karolinska Development has established a portfolio of nine companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

For more information, please visit www.karolinskadevelopment.com

This information is information that Karolinska Development AB (publ) (Nasdaq Stockholm: KDEV) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Jim Van heusden, at 6.30 pm CET on 8 March 2017.  




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Karolinska Development AB (publ) via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Olympus Labs Partners with Leading Korean Fintech Company Metaps Plus19.1.2018 00:03Pressmeddelande

Gibraltar, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Olympus Labs is quickly becoming an emerging global leader in the cryptocurrency-based financial product space, and on the heels of a successful token sale, Olympus is partnering with Seoul-based corporation Metaps Plus, a leading Korean fintech company and mobile marketing platform developer. This news comes shortly after the company announced OKEx, as its official exchange for the company's token MOT. "This is an amazing partnership for us, as it will allow us to hit the Korean market in a big way. We will be able to tap directly into the tens of millions of users on the Metaps Plus platform, allowing users to access financial products created by Olympus," said Kai Chen, CEO of Olympus Labs. "This is a key milestone as it demonstrates that Olympus products can be integrated in third party platforms such as mobile apps, wallets, exchanges, and even physical atms and pos systems, allowing users throughout the world access to Olympus products

Forward Industries Acquires Intelligent Product Solutions18.1.2018 23:54Pressmeddelande

WEST PALM BEACH, Fla. and HAUPPAUGE, N.Y., Jan. 18, 2018 (GLOBE NEWSWIRE) -- Forward Industries (NASDAQ:FORD) today announced the acquisition of Intelligent Product Solutions (IPS), an industry leading product design and development company based in Long Island, New York for a material consideration comprising of cash, equity, and contingent earn outs. IPS clients include leading brands in consumer electronics, medical devices, enterprise and security solution providers and Internet of Things connected solutions, including Google, Physio Control, PepsiCo, Motorola, ABInBev, Zebra and Charity Water. Commenting on the transaction, Terry Wise, CEO of Forward Industries remarked, "I am delighted and excited with the acquisition of IPS. The company is an excellent strategic fit for Forward Industries. Its expertise and strong track record in designing connected/IOT products and developing products such as the AdhereTech 'smart' pill bottle will significantly strengthen and contribute to For

VITEC to Highlight EZ TV IPTV and Digital Signage Platform in First ISE Appearance18.1.2018 21:06Pressmeddelande

PARIS, Jan. 18, 2018 (GLOBE NEWSWIRE) -- In its first-ever attendance at Integrated Systems Europe (ISE), VITEC, a worldwide leader in advanced video encoding and streaming solutions, will showcase EZ TV - a market-leading, broadcast-grade IPTV and digital signage platform with key installations in Europe and the U.S. Targeted to enterprises, sports stadiums and arenas, and government agencies, EZ TV combines low-latency, broadcast-quality IPTV distribution with powerful digital signage capabilities to give audiences a more engaging and interactive experience. "As Europe's largest show for AV systems integrators, ISE is the perfect forum for us to present our EZ TV IPTV platform," said Bruno Teissier, sales and marketing director, VITEC. "We're looking forward to showing ISE attendees how they can help their customers distribute broadcast-quality IPTV content and access powerful digital signage capabilities in an all-in-one, integrated solution." Designed to integrate seamlessly with a

Brookfield Asset Management Notice of 2017 Year End Results Conference Call and Webcast18.1.2018 16:12Pressmeddelande

Date: Thursday, February 15, 2018 Time: 11:00 a.m. (Eastern Time) BROOKFIELD, News, Jan. 18, 2018 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Asset Management's 2017 Year End Results Conference Call & Webcast on Thursday, February 15, 2018 at 11:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. These results will be released on February 15th before 7:00 a.m. (Eastern Time) and will be available following the release on our website at www.brookfield.com "News - Press Releases." The Conference Call will also be Webcast live on our website, where it will be archived for future reference. To participate in the Conference Call, please dial 1-866-521-4909 toll free in North America, or for overseas calls please dial 1-647-427-2311 at approximately 10:50 a.m. The Conference Call will also be Webcast live at https://event.on24.com/wcc/r/1585364/9F53C4FB4A83FF2D32296C84535D6A34. For those unable to participate

Stillfront Group AB: FKL restructures its ownership18.1.2018 14:43Pressmeddelande

PRESS RELEASE January 18, 2018 FKL restructures its ownership The three founders of Stillfront's subsidiary, Bytro Labs restructure their ownership in Stillfront. The founders Felix Faber, Tobias Kringe and Christopher Lörken have had their ownership jointly through the company FKL Holding, with one-third ownership each. A restructuring has now been carried out so that the three founders now own shares in Stillfront directly instead of indirectly via FKL Holding. The three founders thus have unchanged exposure in Stillfront. Following the transactions, FKL Holding has no ownership in Stillfront. FOR FURTHER INFORMATION, PLEASE CONTACT: Sten Wranne, CFO Phone: +46 705 851 258 sten@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interacti

Stillfront Group AB: FKL Holding omstrukturerar ägandet18.1.2018 14:43Pressmeddelande

PRESSMEDDELANDE 18 januari, 2018 FKL Holding omstrukturerar ägandet De tre grundarna till Stillfronts dotterbolag Bytro Labs omstrukturerar sitt ägande i Stillfront. Grundarna Felix Faber, Tobias Kringe och Christopher Lörken har haft sitt ägande gemensamt via bolaget FKL Holding, med en tredjedels ägande vardera. Man har nu genomfört en omstrukturering så att de tre grundarna nu äger aktier i Stillfront direkt i stället för indirekt via FKL Holding. De tre grundarna har alltså oförändrad exponering i Stillfront. Efter transaktionerna har FKL Holding inget ägande i Stillfront. FÖR YTTERLIGARE INFORMATION, VÄNLIGEN KONTAKTA: Sten Wranne, CFO Tel: +46 705 851 258 sten@stillfront.com OM STILLFRONT Stillfront är en grupp av oberoende utvecklare, förläggare och distributörer av digitala spel - med visionen att bli den ledande gruppen av indie-spelutvecklare och förläggare. Stillfront är verksamt genom nio näst intill självständiga dotterbolag: Bytro Labs i Tyskland, Coldwood Interactive i S

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum