16/04/2018 16:30:30

FIT Biotech Oy: FIT Biotech Oy's Board of Directors has decided on the directed share issue without payment to the Company itself

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FIT Biotech Oy

Company release April 16, 2018 at 6:30 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 1,000,000,000 new K shares without payment to the Company itself based on the authorization granted by the General Meeting on April 12, 2018.

The total authorization was 2,000,000,000 K shares. There are authorizations for 1,000,000,000 K-shares to issue shares to the Company itself left after this issuance.

The purpose is to use the shares to implement convertible loan note and share warrant funding programmes.

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

Principal media


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: FIT Biotech Oy via Globenewswire

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