1.9 million Zealand shares sold at a discount
The Danish Export and Investment Fund has divested its shares in Zealand Pharma.
by MARKETWIRE
Carnegie Investment Bank completed a sale of more than 1.9 million shares in Zealand Pharma Tuesday evening. This was done at a discount of 5.7 percent compared to the closing price earlier Tuesday.
This is stated in an announcement.
The 1,921,466 shares put up for sale by the Danish Export and Investment Fund (EIFO) have been sold via an accelerated bookbuilding process at DKK 260 per share while Zealand’s share closed Tuesday at DKK 275.8.
This brings the gross proceeds from the sale to just under half a billion DKK. More specifically, DKK 499.58m.
After the sale, the Danish Export and Investment Fund no longer owns shares in the Danish biotech company.
(Translated using DeepL with additional editing by Christian Radich Hoffman)
