Brief: Envipco Launches Private Placement

Envipco Holding NV

12/12/2022 16:59

Dec 12 (Reuters) - Envipco Holding NV  ENVI.AS :
    * ENVIPCO LAUNCHES PRIVATE PLACEMENT
    * THE PRICE PER SHARE WILL BE SET THROUGH AN ACCELERATED
BOOKBUILDING PROCESS AND DENOMINATED IN EUR
    * FINAL NUMBER OF OFFER SHARES AND THE OFFER PRICE WILL BE
DETERMINED BY THE COMPANY'S BOARD OF DIRECTORS (THE "BOARD") IN
ITS SOLE DISCRETION
    * EXISTING SHAREHOLDERS OF THE COMPANY WILL NOT HAVE
PRE-EMPTIVE
RIGHTS IN RELATION TO THE NEW SHARES TO BE ISSUED
    * HAS RESOLVED TO LAUNCH A PRIVATE PLACEMENT OF NEW ORDINARY
SHARES IN THE COMPANY RAISING GROSS PROCEEDS OF APPROXIMATELY
EUR 15 MILLION
    * THE BOOKBUILDING PERIOD IN THE OFFERING WILL COMMENCE ON
12
DECEMBER 2022 AT 17:30 CET AND CLOSE ON 13 DECEMBER 2022 AT
08:00 CET.
    * SHARES ISSUED, DELIVERED TO BE IN NORWEGIAN CENTRAL
SECURITIES
DEPOSITORY, WILL NOT BE TRADABLE ON EURONEXT AMSTERDAM
    * EXPECT TO ANNOUNCE THE FINAL SUBSCRIPTION PRICE AND THE
NUMBER
OF OFFER SHARES ALLOCATED IN THE OFFERING THROUGH A STOCK
EXCHANGE RELEASE ON 13 DECEMBER 2022
    * IS EXPERIENCING STRONG MOMENTUM WITH SIGNIFICANT RECENT
CONTRACT
WINS FOR REVERSE VENDING MACHINE ("RVM") DELIVERIES IN NEW
DEPOSIT RETURN SCHEME MARKETS
    * INTENDS TO USE NET PROCEEDS FROM PRIVATE PLACEMENT TO
FUND: (I)
WORKING CAPITAL INVESTMENTS RELATED TO THE PRODUCTION AND SALE
(DIRECT OR LEASING) OF RVMS TO CUSTOMERS
    * INTENDS TO USE NET PROCEEDS TO FUND (II) FINANCING
RESEARCH AND
DEVELOPMENT INVESTMENTS RELATED TO CONTINUOUSLY IMPROVING AND
EXTENDING THE COMPANY'S RVM TECHNOLOGY PLATFORM
    * INTENDS TO USE NET PROCEEDS TO FUND  (III) MARKET
DEVELOPMENT
INVESTMENTS RELATED TO SELLING OR SUPPORTING THE SALE OF RVMS
WORLDWIDE

Source text: https://www.envipco.com/download/w9xf001tr41d.pdf
Further company coverage:  ENVI.AS 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))