VBL plc - New Equity

On 23 June 2023, VBL plc announced that it has identified a number of potential private investors which have shown an interest in the subscription of new shares with a view of raising new equity on a private placement basis.

In this respect, the Board of Directors resolved to issue and allot new ordinary shares, in various subscription tranches, up to a total of €1 million in subscription value, to be completed by 31 December 2023. The company explained that the subscription price will not be lower than the weighted average trading price of VBL shares over the last 360 days and will not be higher than 150% of the weighted average trading price of VBL shares over the last 360 days.