Brief: Fastned Announces EUR 75 Mln Investment From Schroders Capital

Fastned BV

17/10/2022 06:39

Oct 17 (Reuters) - Fastned BV  FASTN.AS :
    * ANNOUNCES A 75 MILLION EURO STRATEGIC INVESTMENT FROM
SCHRODERS
CAPITAL THAT WILL ACCELERATE FASTNED'S FUTURE GROWTH
    * PROCEEDS OF 75 MILLION EURO TO BE USED A.O. TO FURTHER
EXPAND
EUROPEAN NETWORK 
    * 2,032,520 NEW DEPOSITARY RECEIPTS ISSUED AT EUR 36,90 EACH
AND
PLACED WITH SCHRODERS CAPITAL, REPRESENTING A 10.61% STAKE POST
CLOSING
    * SCHRODERS CAPITAL TO BE REPRESENTED IN SUPERVISORY BOARD
OF
FASTNED THROUGH ONE ADDITIONAL SUPERVISORY BOARD MEMBER
    * ENABLING US TO MAKE NEXT BIG STEP TOWARDS REACHING OUR
GOAL OF
1,000 STATIONS BEFORE 2030
    * PRICE PER NEW SECURITY AGREED WITH SCHRODERS CAPITAL
REPRESENTS
A PREMIUM OF 20% TO VOLUME WEIGHTED AVERAGE PRICE OF COMPANY’S
DEPOSITARY RECEIPTS OF ORDINARY SHARES OF 1 MONTH UP TO AND
INCLUDING 14 OCTOBER 2022
    * CLOSING OF PLACEMENT, INCLUDING LISTING AND ADMISSION TO
TRADING
OF NEW DRS ON EURONEXT AMSTERDAM, IS EXPECTED TO OCCUR NO LATER
THAN 4 NOVEMBER 2022
    * SUPERVISORY BOARD OF FASTNED WILL BE EXPANDED WITH ONE
ADDITIONAL MEMBER, TO FOUR IN TOTAL
    * SCHRODERS CAPITAL INTENDS TO DESIGNATE JÉRÔME JANSSEN FOR
APPOINTMENT AS SUPERVISORY BOARD MEMBER
    * JÉRÔME JANSSEN IS EXPECTED TO BE APPOINTED BY COMPANY’S
GENERAL
MEETING NO LATER THAN 16 DECEMBER 2022
    * INTENDS TO USE PROCEEDS OF PLACEMENT TO FUND PART OF
COMPANY'S
CAPEX PLAN
    * BNP PARIBAS AND COӦPERATIEVE RABOBANK U.A. (IN COOPERATION
WITH
KEPLER CHEUVREUX S.A.) ACTED AS FINANCIAL ADVISOR TO COMPANY AND
JOINT GLOBAL COORDINATORS IN PLACEMENT

Source text for Eikon:  ID:nNDL3nsCvy 
Further company coverage:  FASTN.AS 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))