Brief: Azerion Raises EUR 10.5 Million In Equity

Azerion NV

15/07/2022 07:10

July 15 (Reuters) - Azerion Group NV  AZRN.AS :
    * REG-AZERION RAISES €10.5 MILLION IN EQUITY
    * PRICE OF PRIVATE PLACEMENT REFLECTS A 5% DISCOUNT ON
AZERION'S
CLOSING SHARE PRICE OF 13 JULY 2022
    * WILL TRANSFER TO LIMITED GROUP OF INVESTORS TOTAL OF
1,442,307
EXISTING ORDINARY SHARES HELD IN TREASURY BY AZERION FOR EUR
7.28 PER SHARE
    * INTENDS TO USE THE NET PROCEEDS FROM THE PLACEMENT TO
SUPPORT
GROWTH OPPORTUNITIES AND FOR GENERAL CORPORATE PURPOSES, ADDING
TO THE OPERATING CASH FLOWS GENERATED BY THE BUSINESS
    * WE COULD CONSIDER RAISING MORE EQUITY IN THE NEAR TERM
    * PRIVATE PLACEMENT IS EXPECTED TO BE SETTLED ON 19 JULY
2022
    * PARTICIPATING INVESTORS WILL NOT BE SUBJECT TO ANY LOCK-UP
ARRANGEMENTS

Source text for Eikon:  ID:nGNE7NBw42 
Further company coverage:  AZRN.AS 

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