In This Article:
BBS-Bioactive Bone Substitutes Plc, Company Announcement, 24th of November 2023 at 8.00 a.m. EET
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BBS-Bioactive Bone Substitutes Plc ("BBS" or the "Company") has published on 20th of November 2023 that based on authorization granted by the Extraordinary General Meeting on 23rd October 2023, the Board of Directors of BBS has decided to arrange a rights offering totaling approximately EUR 2.63 million (the "Offering"). The Offering consists of a maximum of 6,578,481 new shares (the "Offer Shares").
Subscription undertakings
Certain current shareholders of the Company and one new investor mentioned below have provided subscription undertakings, on the basis of which they have committed to subscribe for approximately 28.8 percent of the Offer Shares offered in the Offering, i.e. they have committed to participate in the Offering with 0.76 million euros. The Company has received the following subscription undertakings to subscribe for Offer Shares in connection with the Offering:
| Shareholder subscribing for Offer Shares | Subscription undertaking (shares) | Subscription undertaking (EUR) |
| Municipality of Reisjärvi | 831,000 | 332,400 |
| Finha Capital Oy | 700,000 | 280,000 |
| Muuraus ja Rappaus Saarimaa Oy | 127,500 | 51,000 |
| Riverfort Global Opportunities PCC Limited | 125,000 | 50,000 |
| Pekka Jalovaara | 50,000 | 20,000 |
| Jyrki Halonen | 35,000 | 14,000 |
| Jarmo Halonen | 25,000 | 10,000 |
| Total | 1,893,500 | 757,400 |
The Company has not received or requested collaterals from the parties that have committed to subscribe for the Offer Shares in the Offering on the basis of subscription undertakings.
Investor Memorandum and Basic Information Document
BBS-Bioactive Bone Substitutes Plc has published, in connection with the Offering, the Investor Memorandum (“Investor Memorandum”) as well as the Basic Information Document in accordance with Chapter 3, Section 2 of the Finnish Securities Markets Act (746/2012, as amended) (“Basic Information Document”) with corresponding attachments, both of which are available on the Company’s website https://www.bbs-artebone.fi/investors/share-issue-2023-11/.
For more information, please contact:
Juliusz Rakowski, CEO
+358 50 448 5132
juliusz.rakowski@bbs-artebone.fi
Certified Advisor:
Nordic Certified Adviser AB,
+46 70 551 67 29,
info@certifiedadviser.se
BBS in brief
BBS -Bioactive Bone Substitutes Plc is an orthobiology company that started its operations in 2003. We have developed a new product for the treatment of complex bone fractures and bone healing issues. Our goal is to provide next-generation medical products for the treatment of bone injuries in orthopedic surgery. In the pharmaceutical industry, the development and research work require perseverance and courage to innovate. Our company is characterized by expertise, innovation, and dedicated employees who are passionate about their work. Our developed product, ARTEBONE®, is in the final stages of product development, and we are seeking the CE marking to enable its commercialization in the EU market. We are based in Oulu with a medical manufacturing facility in Reisjärvi, holding a manufacturing license. The company's headquarters are in Oulu, and we employ more than 20 employees.