FIT Biotech Oy
Company release March 9, 2018 at 2.00 pm EET
FIT Biotech Oy’s Board of Directors has decided on the directed share issue without payment to the Company itself
FIT Biotech Oy’s Board of Directors has resolved to issue 220,000,000 new K shares without payment to the Company itself based on the authorization granted by the extraordinary general meeting on December 14, 2017 (Extraordinary general meeting Point 9§).
The total authorization was 550,000,000 K shares. The Board of Directors has decided earlier to issue 330,000,000 new K shares. There are no authorizations to issue shares to the Company itself left after this issuance.
The purpose is to use the shares to implement the Alpha Blue Ocean funding programme.
FIT BIOTECH OY
Board of Directors
For further information:
CEO Erkki Pekkarinen
Tel: +358 44 027 0080
E-mail: erkki.pekkarinen@fitbiotech.com
Certified Advisor: Aalto Capital Partners Oy, tel. +358 40 587 7000
About FIT Biotech
FIT Biotech Oy is a biotechnology company established in 1995. The company develops and licenses its patented GTU® (Gene Transport Unit) vector technology for new-generation medical treatments. GTU® is a gene transport technology that meets an important medical challenge in the usability of gene therapy and DNA vaccines.
FIT Biotech applies GTU® technology in its drug development programmes. Application areas include cancer (gene therapy) and infectious diseases such as HIV and tuberculosis, as well as animal vaccines.
FIT Biotech shares are listed on the First North Finland marketplace maintained by Nasdaq Helsinki Oy.
DISTRIBUTION:
NASDAQ OMX Helsinki
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