Emplicure Requests Conversion Of Loans Of About SEK 9.8 Mln

March 29 (Reuters) - Emplicure AB (publ):

* THE BOARD OF DIRECTORS OF EMPLICURE REQUESTS CONVERSION OF LOANS OF APPROX. 9.8 MSEK AND PROPOSES AN EXTENDED AUTHORISATION TO ISSUE SHARES FOR THE COMPANY'S CONTINUED CAPITAL NEED

* REASON IS THAT A REPAYMENT OF LOAN AMOUNT TO CREDITORS IS NOT DEEMED TO BE POSSIBLE DUE TO COMPANY'S FINANCIAL SITUATION

* BOARD PROPOSES TO INCREASE SHARE CAPITAL WITH NOT MORE THAN 1,120,137.20 SEK

* IT HAS NOT BEEN POSSIBLE TO CARRY OUT OR SECURE ALTERNATIVE FINANCING ON ACCEPTABLE TERMS BEFORE DUE DATE FOR REPAYMENT OF LOAN

* NEW SHARES ARE ISSUED AT A SUBSCRIPTION PRICE OF 0.4374 SEK PER SHARE

* SET-OFF ISSUE WILL RESULT IN DILUTION FOR EXISTING SHAREHOLDERS OF ABOUT 45.85%

* WILL NEED ADDITIONAL FINANCING TO IMPLEMENT ACTIVITIES THAT ARE INCLUDED IN COMPANY'S BUSINESS PLAN IN FOLLOWING TWELVE MONTHS

* FURTHER CAPITAL NEED IS ESTIMATED TO ABOUT 15-25 MLN SEK

* TO EVALUATE ALTERNATIVES TO SECURE FINANCING SUCH AS A CAPITAL CONTRIBUTION OR LOAN FINANCING

* CALL AN EXTRAORDINARY GENERAL MEETING ON MAY 2, 2023

* Source text for Eikon: Further company coverage: (Gdansk Newsroom)