Brief: Avantium Launches Public Offering Of Up To EUR 45 Million

Avantium NV

06/04/2022 07:28

April 6 (Reuters) - Avantium NV  AVTX.AS :
    * LAUNCH OF A PUBLIC OFFERING OF UP TO EUR 45 MILLION TO
ACCELERATE GLOBAL TRANSITION TO RENEWABLE AND CIRCULAR PLASTICS
    * AMOUNT OF UP TO €45 MILLION
    * MAXIMUM SUBSCRIPTION PRICE HAS BEEN SET AT €4.60 PER NEW
SHARE
    * OFFERING PERIOD FOR PRIORITY ALLOCATION OFFERING AND
RETAIL
OFFERING WILL TAKE PLACE FROM 09:00 HRS CET ON 6 APRIL 2022
UNTIL 17:30 HRS CET ON 13 APRIL 2022
    * NET PROCEEDS WILL BE USED TO FURTHER DEVELOP PLANTMEG™
TECHNOLOGY AND TO SCALE-UP TOWARDS  FURTHER COMMERCIALISATION
VIA TECHNOLOGY LICENSING,  FURTHER DEVELOP BIOREFINERY AND CO2
BASED CHEMICALS AND POLYMERS TECHNOLOGIES
    * OFFERING PERIOD FOR THE PRIVATE PLACEMENT WILL TAKE PLACE
FROM
09:00 HRS CET ON 6 APRIL 2022 UNTIL 17:30 HRS CET ON 14 APRIL
2022
    * THE OFFERING PERIOD IS SUBJECT TO ACCELERATION OR
EXTENSION OF
THE TIMETABLE FOR THE OFFERING
    * NET PROCEEDS WILL BE USED AS WELL TO ASSESS ECONOMIC
FEASIBILITY
AND SCALEUP TOWARDS FURTHER COMMERCIALISATION AND FOR GENERAL
CORPORATE PURPOSES, WORKING CAPITAL  AND OVERALL FUNDING
    * CURRENT CASH RESOURCES  TOGETHER WITH FULL NET PROCEEDS
FROM
OFFERING SHOULD ENABLE CO TO FUND WORKING CAPITAL FOR NEXT 3
YEARS AND REACH NEXT SIGNIFICANT MILESTONES
    * UNCONDITIONAL COMMITMENTS FROM FUNDS MANAGED BY APG ASSET
MANAGEMENT N.V., INVESTORS REPRESENTED BY WIERDA EN PARTNERS
VERMOGENSBEHEER B.V., NAVITAS B.V., ROBECO INSTITUTIONAL ASSET
MANAGEMENT B.V. AND OTHER SHAREHOLDERS FOR AGGREGATE EUR 12.2
MILLION, OR 27% OF OFFERING

Source text: https://bit.ly/3x5Zesm
Further company coverage:  AVTX.AS 

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