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Heliospectra: Announces a 77% secured rights issue - Redeye

Redeye comments on Heliospectra’s rights issue, announced earlier this morning. Upon full subscription, the company will receive cSEK26m to expand on the European market. The rights issue is secured to 77% by the four main owners, corresponding to their pro rata shares. We have already considered a rights issue in our valuation; therefore, we reiterate our base case of SEK1.7 per share.

Redeye comments on Heliospectra’s rights issue, announced earlier this morning. Upon full subscription, the company will receive cSEK26m to expand on the European market. The rights issue is secured to 77% by the four main owners, corresponding to their pro rata shares. We have already considered a rights issue in our valuation; therefore, we reiterate our base case of SEK1.7 per share.
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