Brief: Cofinimmo: Successful Placement Of New Shares Via EUR 167 Mln Accelerated Bookbuilding

Cofinimmo SA

05/10/2023 06:35

Oct 5 (Reuters) - Cofinimmo SA  COFB.BR :
    * COFINIMMO ANNOUNCES THE SUCCESSFUL PLACEMENT OF NEW SHARES
VIA
ACCELERATED BOOKBUILDING OF 167 MILLION EUR
    * THE ISSUANCE, DELIVERY AND ADMISSION TO TRADING ON THE
EURONEXT
BRUSSELS REGULATED MARKET OF THE NEW SHARES ARE EXPECTED TO TAKE
PLACE ON 09.10.2023.
    *  2,785,805 NEW SHARES, WHICH  CORRESPONDS TO APPROXIMATELY
8.2%
OF THE OUTSTANDING CAPITAL PRIOR TO THE CAPITAL INCREASE, WERE
PLACED WITH  INSTITUTIONAL INVESTORS AT AN ISSUE PRICE OF 60.0
EUR PER SHARE
    * THE GROSS PROCEEDS OF THE CAPITAL INCREASE AMOUNTS TO
APPROXIMATELY 167 MILLION EUR
    * ISSUE PRICE REPRESENTS A DISCOUNT OF 6.6% COMPARED WITH
THE LAST
TRADING PRICE ON 03.10.2023 OF 64.25 EUR PER SHARE
    * THE NET PROCEEDS REINFORCES THE COMPANY’S BALANCE SHEET
AND WILL
FINANCE THE REMAINING AMOUNTS TO BE  INVESTED TO COMPLETE
ONGOING DEVELOPMENT PROJECTS
    * THE ISSUANCE, DELIVERY AND ADMISSION TO TRADING ON THE
EURONEXT
BRUSSELS REGULATED MARKET OF THE NEW SHARES  ARE EXPECTED TO
TAKE PLACE ON 09.10.2023
    * FOLLOWING THIS TRANSACTION, THE PRO FORMA DEBT-TO-ASSETS
RATIO
WOULD DROP TO APPROXIMATELY 43% AT THE END OF 2023

Source text: https://tinyurl.com/429s63yw
Further company coverage:  COFB.BR 

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