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Active Biotech: The Board of Active Biotech AB proposes that the Annual General Meeting resolve to make a guaranteed rights iss

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^{Published in Science and Technology on Monday, April 6th 2009 at 0:33 GMT, Last Modified on 2009-04-06 00:33:32 by Market Wire}  

LUND, SWEDEN--(Marketwire - April 6, 2009) - Not for distribution in or into the United States of America, Canada, Japan or Australia.

Active Biotech has five projects in clinical phase, of which laquinimod and RhuDex™ are managed and financed by partners. The clinical projects that are managed and financed on a proprietary basis are TASQ, 57-57 and ANYARA. The potential value of the projects increases in pace with their advancement in clinical development, thereby continuously raising shareholder value. In 2009/2010, new information and clinical data will be published relating to all three of these projects.

To strengthen the company's financial position and further drive the development of the company's clinical portfolio, the Board of Active Biotech has resolved to propose that the Annual General Meeting resolve to make a new share issue of approximately SEK 256 M with preferential rights for the shareholders.

It is proposed that the issue shall entitle existing shareholders with preferential rights to subscribe for one new share for each four shares held at an issue price of SEK 20 per share.

Read the complete press release below.

The Board of Active Biotech AB proposes: [ http://hugin.info/1002/R/1303531/298672.pdf ]

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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