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Wednesday, 27 December 2017

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

FIT Biotech Oy    

Published: 15:32 CET 27-12-2017 /GlobeNewswire /Source: FIT Biotech Oy / : FITBIO /ISIN: FI4000148606

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

FIT Biotech Oy

Company release December 27, 2017 at 4.30 pm

 

 

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

 

FIT Biotech Oy's (Company) Board of Directors has resolved December 27, 2017 to issue 80,000,000 K-shares without payment to the Company itself based on the authorization granted by the extraordinary general meeting on December 14, 2017.

 

The purpose is mainly to use the shares to implement the new Alpha Blue Ocean funding programme, disclosed on December 23, 2017.

 

FIT BIOTECH OY

Board of Directors

 

For further information:
Chairman of the Board of Directors Rabbe Sl├Ątis
Tel: +358 40 840 6749
E-mail: rabbe.slatis@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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: FIT Biotech Oy, Biokatu 8, Tampere FI-33520, Finland
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