Paynova – Investors, and management shows confidence
Today Paynova announced new rights issue of combined SEK 25. 2 million, and subscription commitments and underwritings almost entirely guarantee the issue. The imminent capital need was something we have highlighted multiple times, so the issue was not a surprise for us. It’s positive for Paynova with the strong investor backing.
That the management team also takes their pro-rata, +11% of shares today, shows confidence in our view.