July 18, 2019 / 5:23 AM / a month ago

BRIEF-Obseva To Increase Issued Share Capital

July 18 (Reuters) - OBSEVA SA:

* OBSEVA TO INCREASE ISSUED SHARE CAPITAL BY CREATING ADDITIONAL TREASURY SHARES

* NEW SHARES, TO BE ISSUED OUT OF COMPANY'S AUTHORIZED CAPITAL, WILL BE FULLY SUBSCRIBED FOR BY OBSEVA USA INC

* NEW SHARES TO BE LISTED ON SIX SWISS EXCHANGE ON OR AROUND JULY 23, 2019

* TRANSACTION HAS BEEN DECIDED TO PROVIDE GROUP WITH ADDITIONAL TREASURY SHARES THAT CAN BE USED IN FUTURE TO RAISE FUNDS IN AN EFFICIENT MANNER

* BOARD OF DIRECTORS APPROVED AN INCREASE OF ITS SHARE CAPITAL FROM 45,491,616 TO 48,555,664

* TO ISSUE 3,064,048 NEW REGISTERED SHARES AT AN ISSUE PRICE OF 1/13 OF A SWISS FRANC EACH Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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