Paynova: Announced rights issue
Research Note
2019-03-11
11:34
As we wrote already on Nov 16, 2018, when Paynova reported its Q3-result the company had a weak financial position and most certainly needed to strengthen the cash position through a rights issue. Today Paynova announced a rights issue of maximum SEK 37.4 million, which is 80% guaranteed. The dilution will be 50% of the rights issue is fully subscribed. We have changed our fair value range accordingly.
TO
FN
Tomas Otterbeck
Fredrik Nilsson
Disclosures and disclaimers