Karolinska extends convertible loan subscription period to Dec. 12

By Sarah Lizee

Olympia, Wash., Nov. 6 – Karolinska Development AB said that holders of its convertible loan have agreed to set-off and repurchase 94.2% of outstanding convertibles.

This corresponds to SEK 438.4 million of the convertible loan including accrued interest at June 30.

Remaining convertible loan holders that have not yet undertaken to subscribe or agreed to be redeemed, in total corresponding to SEK 19.9 million, have the option to subscribe in the directed share issue up until Dec. 12.

As previously reported, Karolinska Development’s board decided to complete a directed issue of series B shares to the holders of the company’s 2015/2019 convertible loan.

On Wednesday, the board decided to extend the subscription period further for the directed share issue.

The subscription period now runs from July 8 to Dec. 12.

Karolinska Development is a Nordic life sciences investment company.

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