In a new issue directed to new Swedish institutional investors Morphic Technologies AB has successfully raised SEK 132 million. In total 13.1 million series B shares were issued at a price per share of SEK 10.1, corresponding to the closing price on May 19 2008.
The new issue was executed without preferential rights for existing shareholders in accordance with the authorization given by the general meeting on October 19, 2007. The new issue will increase the number of shares by 13,100,000 from 150,772,022 to 163,872,022, of which the new issued shares represent 7.99%.
ABG Sundal Collier AB has acted as financial advisor to Morphic Technologies in connection with the new share issue.
For more information please contact:
Johannes Falk, Director of Investor Relations, Morphic Technologies AB
Tel +46 (0) 706 76 73 93, e-mail: [email protected]