BioGaia guarantees rights issue in IBT
BioGaia’s former subsidiary Infant Bacterial Therapeutics AB (IBT) was distributed from BioGaia and commenced trading on Nasdaq First North on March 29 2016. IBT has today announced a rights issue of approximately SEK 100 million.
To ensure the rights issue, BioGaia will guarantee the issue on market-based conditions up to an amount of SEK 38 million. BioGaia wishes to give IBT and its shareholders favourable circumstances for a successful share issue. The proceeds from the issue will be used for clinical studies to be started in the near future.
In the event that BioGaia’s guarantee is utilised, the holding will be handled as a financial asset and sold on at appropriate moments.
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BioGaia has published this information in accordance with the Swedish Securities Act. The information was issued for publication on 27 April 2016, 8:15 am CET.