Redeye: Image Systems - Large rights issue will provide financial flexibility

Press Release – Regulatory

The rights issue as such is no surprise since the acquisition of Limab earlier this year was expected to be financed partly by equity. SEK 66 m is however more than we anticipated and consequently the dilution will weigh on our valuation. The Q3-report was very much in line with expectations allthough order bookings are still quite weak and some cause for concern.

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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/

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