Brief: Expert System decides on share capital increase via accelerated book building procedure

ExpertAi SpA

14/12/2017 08:02

Dec 14(Reuters) - Expert System SpA  EXSY.MI : 
    * SAID ON WEDNESDAY ITS BOARD OF DIRECTORS HAS DECIDED TO 
INCREASE 
SHARE CAPITAL FOR MAXIMUM AMOUNT OF EUR 4.3 MILLION (INCLUDING 
SHARE PREMIUM), BY ISSUE OF MAXIMUM OF 3,271,000 ORDINARY 
SHARES, WITHOUT EXPRESS PAR VALUE  
    * NEWLY ISSUED SHARES WILL BE OFFERED FOR SUBSCRIPTION AS 
PART OF 
PRIVATE PLACEMENT TO BE CARRIED OUT USING ACCELERATED BOOK 
BUILDING PROCEDURE AND RESERVED SOLELY TO QUALIFIED INVESTORS IN 
ITALY AND INSTITUTIONAL INVESTORS ABROAD 
    * SHARES WILL BE OFFERED AT SUBSCRIPTION PRICE OF EUR 
1.30/SHARE 
    * ACCELERATED BOOK BUILDING WILL BE INITIATED WITH IMMEDIATE 
EFFECT  
    * INTEGRAE SIM WILL ACT AS THE SOLE BOOKRUNNER, AND SIMMONS 
& 
SIMMONS WERE THE LEGAL ADVISORS FOR THE OPERATION 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2jhCX0 
     
 Further company coverage:  EXSY.MI   
    
 
 
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