Brief: Waterland And Baltisse Announces Private Placement Of Around 9.3 Million Shares In Fagron

Fagron NV

11/10/2019 17:44

Oct 11 (Reuters) - FAGRON NV  FAGRO.BR :
    * WATERLAND AND BALTISSE ANNOUNCE PRIVATE PLACEMENT OF
SHARES IN
FAGRON
    * WPEF VI HOLDCO III BE B.V. INTENDS TO SELL THROUGH A
PRIVATE
PLACEMENT, APPROXIMATELY 9.3 MILLION EXISTING ORDINARY SHARES
HELD BY IT IN CO
    * PRIVATE PLACEMENT REPRESENTS 12.98% OF FAGRON'S CURRENT
OUTSTANDING CAPITAL AND CORRESPONDS TO ENTIRE STAKE THAT SELLING
SHAREHOLDER CURRENTLY HOLDS IN FAGRON
    * UNTIL RESULTS OF PRIVATE PLACEMENT ARE ANNOUNCED, TRADING
OF
FAGRON'S SHARES ON REGULATED MARKETS OF EURONEXT BRUSSELS AND
AMSTERDAM WILL BE SUSPENDED
    * BOOKS OPEN WITH IMMEDIATE EFFECT AND MAY CLOSE ON SHORT
NOTICE
    * PRIVATE PLACEMENT WILL BE CONDUCTED BY MEANS OF AN
ACCELERATED
BOOKBUILDING
    * SELLING SHAREHOLDER HAS AGREED TO LOCK-UP OF 90 CALENDAR
DAYS
FOR ALL FAGRON SHARES NOT SOLD IN PRIVATE PLACEMENT
    * JOH. BERENBERG, GOSSLER & CO. KG WILL ACT AS SOLE
BOOKRUNNER IN
CONNECTION WITH PLACEMENT
    * RESULTS OF PRIVATE PLACEMENT WILL BE ANNOUNCED SHORTLY
AFTER
COMPLETION OF BOOKBUILDING PROCESS
    * SETTLEMENT IS EXPECTED TO OCCUR TWO BUSINESS DAYS AFTER
ANNOUNCEMENT OF PRIVATE PLACEMENT RESULTS

Source text for Eikon:  ID:nGNEbhfgY7 
Further company coverage:  FAGRO.BR 

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