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Nov 24 (Reuters) - Marley Spoon AG (MMM) : LAUNCH OF A$22.8M...

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    24/11/22
    12:30
    Post #: 64963417

    Nov 24 (Reuters) - Marley Spoon AG (MMM) :

    • LAUNCH OF A$22.8M ENTITLEMENT OFFER
    • OFFER AT FIXED ISSUE PRICE OF A$0.165 PER CDI
    • FOLLOWING OFFER, PRO FORMA NET DEBT REDUCES BY AT LEAST UNDERWRITTEN AMOUNT OF A$14.6 MILLION
    • EXPECTED TO REMAIN IN TRADING HALT UNTIL START OF TRADING ON NOV 28
    • OFFER UNDERTAKEN TO PROVIDE ADDITIONAL WORKING CAPITAL TO CONTINUE TO FUND OPERATIONS, AMONG OTHERS
    • ENTITLEMENT OFFER VIA ISSUE OF ABOUT 138.4 MILLION CHESS DEPOSITARY INTERESTS OVER FULLY PAID ORDINARY SHARES
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