Phylaxia raises capital in private placement
Hungarian veterinary drug company Phylaxia raised company capital through a private placement of 14 million new shares, Phylaxia reported on Tuesday evening.
Existing shareholders purchased 7,280,000 new Phylaxia shares, while Kálmán Böjthe, a Hungarian living in Germany, purchased 6,720,000 company shares, Phylaxia said on Tuesday.
The issue price was 100% of the shares , which have a nominal value of HUF 25 million each. The transaction was underwritten by Kálmán Böjthe, with the option for existing shareholders to exercise their preemption right.
Phylaxia announced on July 27 that the company's board had decided to raise capital by HUF 350 million to HUF 1.444 billion through the issue of the shares by August 11.
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