Brief: Mecelec Composites Launches Capital Increase For Initial Amount Of EUR 6.2 Mln

Altheora SA

13/12/2019 06:48

Dec 13 (Reuters) - Mecelec Composites SA  ALMEC.PA :
    * LAUNCH OF A CAPITAL INCREASE BY WAY OF OFFER TO PUBLIC
WITH
CANCELLATION OF PREFERENTIAL SUBSCRIPTION RIGHTS FOR AN INITIAL
AMOUNT OF €6.2 MILLION
    * SUBSCRIPTION FROM 13 TO 17 DECEMBER 2019 (INCLUDED)
    * SUBSCRIPTION PRICE: €1.90 PER SHARE, REPRESENTING A
DISCOUNT OF
12.8%
    * SUBSCRIPTION COMMITMENTS OF €4.6 MILLION
    * THE NET PROCEEDS WILL BE USED TO FINANCE WORKING CAPITAL
REQUIREMENTS AND  INDUSTRIAL INVESTMENTS OVER THE NEXT TWELVE
MONTHS
    * AT THE END OF THE ISSUANCE, 3,256,136 NEW SHARES WILL BE
ISSUED,
REPRESENTING 80.4% OF THE EXISTING SHARE CAPITAL OF THE COMPANY

Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbw7pnc
Further company coverage:  ALMEC.PA 

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