Brief: Envipco: Contemplated Secondary Placement Of Existing Shares In Envipco Holding

Envipco Holding NV

25/06/2024 16:45

June 25 (Reuters) - Envipco Holding NV  ENVI.AS :
    * CONTEMPLATED SECONDARY PLACEMENT OF EXISTING SHARES IN
ENVIPCO
HOLDING N.V
    * RELEVANT MEMBER OF BOURI FAMILY, MRS. LEILA BOURI (
"SELLER") IS
CONTEMPLATING TO SELL APPROXIMATELY 5% OF ISSUED AND OUTSTANDING
SHARES IN COMPANY THROUGH AN ACCELERATED BOOK BUILDING PROCESS
    * FOLLOWING COMPLETION OF TRANSACTION BOURI FAMILY WILL HOLD
APPROXIMATELY 17 MILLION SHARES IN ENVIPCO, EQUIVALENT TO
APPROXIMATELY 29% OF OUTSTANDING SHARES IN COMPANY
    * FREE FLOAT IN COMPANY WILL INCREASE FROM APPROXIMATELY 49%
TO
APPROXIMATELY 54%
    * FOLLOWING A SUCCESSFUL COMPLETION OF OFFERING, SELLER AND
OTHER
MEMBERS OF BOURI FAMILY WILL ENTER INTO A CUSTOMARY 90-DAY
LOCK-UP COMMITMENT WITH MANAGER FOR REMAINING SHARES IN ENVIPCO
THAT SELLER HOLDS
    * PURPOSE OF THIS TRANSACTION IS TO INCREASE FREE FLOAT IN
ENVIPCO
SHARE AND ALLOW ASSET REALLOCATION FOR SELLER

Source text for Eikon:  ID:nObizdQqSa 
Further company coverage:  ENVI.AS 

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