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CLS: TO5B outcome - Redeye

Redeye comments on the outcome of warrants of series TO5B. CLS will be provided approximately SEK12.8m before transaction-related costs, and consequently, the total number of shares increases by c27.7m. We had already estimated a dilution; however, the transaction-related costs were lower than we previously assumed. We adjust our model for today’s announcement, which renders in an updated base case of SEK1.3 (1.2).

Redeye comments on the outcome of warrants of series TO5B. CLS will be provided approximately SEK12.8m before transaction-related costs, and consequently, the total number of shares increases by c27.7m. We had already estimated a dilution; however, the transaction-related costs were lower than we previously assumed. We adjust our model for today’s announcement, which renders in an updated base case of SEK1.3 (1.2).
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