Brief: Axactor Contemplates Private Placement

Axactor ASA

05/02/2020 15:35

Feb 5 (Reuters) - Axactor SE  AXAC.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO FUND GROWTH OPPORTUNITIES AND FOR
GENERAL
CORPORATE PURPOSES
    * SUBSCRIPTION PRICE AND ALLOCATION OF SHARES IN PRIVATE PLACEMENT WILL BE DETERMINED
THROUGH AN
ACCELERATED BOOKBUILDING PROCESS
    * BOOKBUILDING PERIOD COMMENCES TODAY AT 16:30 CET AND WILL CLOSE AT 08:00 CET ON 6 FEBRUARY
2020
    * CONTEMPLATES A PRIVATE PLACEMENT OF UP TO 30 MILLION NEW SHARES, REPRESENTING 19.3% OF
OUTSTANDING SHARE CAPITAL OF COMPANY
    * COMPANY'S LARGEST SHAREHOLDER, GEVERAN TRADING CO LTD. HAS COMMITED TO SUBSCRIBE FOR 40%
OF
OFFER SHARES

Source text for Eikon:  ID:nObi5t1Jla 
Further company coverage:  AXAC.OL 

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