STOCKHOLM, Sweden, April 8, 2003 (PRIMEZONE) -- Artimplant's (Other OTC:APLTF) rights issue in March 2003 is now completed and the company raised another 14 MSEK. According to plan, the company has raised totally 44 MSEK before issue costs through the recent rights issue and the directed share issue in December 2002. Together with other completed and announced activities, the capital raising is intended to provide the financial resources required to bring the company to commercial success.
The new shares are subject to trading at the Stockholm Exchange O-list around April 16, 2003.
With great satisfaction we can establish that the company, despite a difficult market situation, meets its targets for the capital raising. This is evidence that current and new shareholders have confidence in our strategy for change, says Tord Lendau, CEO of Artimplant.
Our tough change program runs according to plan, and with the new cash we can tick off another milestone on our way to successfully commercializing our Artelon(TM) technology, says Tord Lendau.
For additional information, please contact:
Tord Lendau, CEO, tel 0708 369 403, tord.lendau@artimplant.se
Ulf Akerblom, VP Corporate Development, tel 0709 675 999, ulf.akerblom@artimplant.se
ARTIMPLANT
Artimplant is a biomaterial company that focuses on orthopedic surgery solutions. The company runs R&D operations for biodegradable implants and develops manufacturing processes for the implants. Its goal is to enable active lives. Artimplant's biomaterial is based on a new technology that's opening new markets within orthopedic surgery and closely related areas that have extensive med-tech needs.
Artimplant developed and patented several different degradable ligament implants that are now in clinical trials. The company's business concept is to license products and technologies to global partners.
The Artimplant stock is listed on the Stockholm stock exchange's O list.
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http://www.waymaker.net/bitonline/2003/04/08/20030408BIT00020/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/08/20030408BIT00020/wkr0002.pdf