Brief: Care Property Invest Launches Capital Increase For Around EUR 60 Mln

Care Property Invest NV

23/06/2020 07:16

June 23 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :
    * ISSUANCE OF NEW SHARES VIA AN ACCELERATED BOOKBUILD
OFFERING
WITH INTERNATIONAL INSTITUTIONAL INVESTORS
    * PROCEEDS FROM CAPITAL INCREASE HAVE PRO-FORMA IMPACT OF C.
-8%
ON ESTIMATED DEBT RATIO AS PER 30 JUNE 2020
    * CAPITAL INCREASE IS ENVISAGED TO RAISE PROCEEDS OF
APPROXIMATELY
EUR 60 MILLION THROUGH ISSUANCE OF NEW SHARES, CORRESPONDING TO
10% OF CURRENT SHARE CAPITAL
    * DEBT RATIO AS PER Q1 2020 WAS 45.85%
    * REQUESTED SUSPENSION OF TRADING OF ITS SHARES ON EURONEXT
BRUSSELS REGULATED MARKET UNTIL RESULTS AND PRICING OF
ACCELERATED BOOKBUILD OFFERING ARE PUBLISHED IN A PRESS RELEASE
    * WILL USE PROCEEDS FROM CAPITAL INCREASE TO INCREASE ITS
FINANCIAL PURCHASING POWER AND TO STRENGTHEN ITS SHAREHOLDERS'
EQUITY IN ORDER TO ACCELERATE ITS GROWTH IN PORTFOLIO SIZE AND
FINANCE ITS INVESTMENT PIPELINE
    * THE NEW SHARES SHALL BE ISSUED WITH COUPON NO. 13 ET SEQ.
ATTACHED

Source text for Eikon:  ID:nNDL1tczfF 
Further company coverage:  CPINV.BR 

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