Conversion of SEK 42M convertible loan in Oasmia U

Uppsala, Sweden, 2017-04-25 08:30 CEST (GLOBE NEWSWIRE) -- In March 2017, Oasmia issued a convertible loan worth SEK 42,000,193.20 which mature on 25 April 2017 unless conversion is called upon before that by the convertible holders or the Company. Oasmia announce that full conversion has been called upon by the convertible holders and that the full convertible loan, corresponding to SEK 42,000,193.20, will be converted to 7,058,856 shares in Oasmia.

The full conversion to shares of the convertible loan entails that the number of shares in Oasmia increases by 7,058,856 from 119,039,310 to 126,098,166 and that the share capital increases by SEK 705,886 from SEK 11,903,931 to SEK 12,609,817. The dilution effect of the full conversion is approximately 5.6 per cent.

About Oasmia Pharmaceutical AB

Oasmia Pharmaceutical AB develops, manufactures, markets and sells new generations of drugs in the field of human and veterinary oncology. The company’s product development aims to create and manufacture novel nanoparticle formulations and drug-delivery systems based on well-established cytostatics which, in comparison with current alternatives, show improved properties, reduced side-effects, and expanded applications. The company’s product development is based on its proprietary in-house research and company patents. Oasmia is listed on NASDAQ Capital Markets (OASM.US), Frankfurt Stock Exchange (OMAX.GR, ISIN SE0000722365) and NASDAQ Stockholm (OASM.ST).

Important Information

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         For more information, please contact:          Julian Aleksov, Acting Executive Chairman          Tel : +4618 - 50 54 40          E-mail: julian.aleksov@oasmia.com