Brief: Immobel Launches Sale Of Around 262,000 Treasury Shares In Private Placement

Compagnie Immobiliere de Belgique

05/01/2021 07:45

Jan 5 (Reuters) - COMPAGNIE IMMOBILIERE DE BELGIQUE SA
 IMMO.BR :
    * LAUNCHES THE SALE OF APPROXIMATELY 262,000 TREASURY SHARES
IN A
PRIVATE PLACEMENT
    * RESULTS OF PRIVATE PLACEMENT WILL BE ANNOUNCED SHORTLY
AFTER
BOOKBUILDING PROCESS, AND SETTLEMENT IS EXPECTED TO TAKE PLACE
TWO BUSINESS DAYS AFTER ANNOUNCEMENT OF RESULTS OF PRIVATE
PLACEMENT
    * FOLLOWING SUCCESSFUL PRIVATE PLACEMENT, NUMBER OF TREASURY
SHARES WILL BE REDUCED TO 30,348 TREASURY SHARES, CORRESPONDING
TO C. 0.3% OF IMMOBEL'S CURRENT OUTSTANDING SHARE CAPITAL
    * THROUGH  PRIVATE PLACEMENT, IMMOBEL INTENDS TO RAISE
ADDITIONAL
FUNDS TO FINANCE ADDITIONAL PROJECTS ALREADY IDENTIFIED IN
BELGIUM, GERMANY, FRANCE AND LUXEMBOURG
    * COMPANY HAS AGREED TO A LOCK-UP OF 90 DAYS FOLLOWING
TRANSACTION, SUBJECT TO CUSTOMARY EXCEPTIONS
    * BERENBERG AND KBC SECURITIES ARE ACTING AS JOINT
BOOKRUNNERS IN
PRIVATE PLACEMENT

Source text for Eikon:  ID:nNDL4PJH1r 
Further company coverage:  IMMO.BR 

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