Brief: Frey Announces Success Of Capital Increase For Amount Of 161.5 Million Euros

Frey SA

02/12/2019 15:58

Dec 2 (Reuters) - Frey SA  FREY.PA :
    * ANNOUNCES THE SUCCESS OF ITS CAPITAL INCREASE WITH
PREFERENTIAL
SUBSCRIPTION RIGHTS FOR AN AMOUNT OF €161.5 MILLION
    * SETTLEMENT AND DELIVERY AND START OF TRADING OF THE NEW
SHARES
ON 4 DECEMBER 2019
    * NET PROCEEDS OF THE CAPITAL INCREASE WILL BE USED TO COVER
THE
SHARE OF EQUITY REQUIRED TO FINANCE 4 NEW PROJECTS
    * CAPITAL INCREASE WAS SUBSCRIBED IN FULL RESULTING IN BY
ISSUING
OF 5,383,332 NEW SHARES WITH A PAR VALUE OF 2.50 EUROS
    * FUNDRAISING WILL ALSO ALLOW TO CONTINUE TO DEVELOP PROJECT
PORTFOLIO IN FRANCE WITH IN PARTICULAR THE SHOPPING PROMENADE DE
STRASBOURG AND CLAYE-SOUILLY
    * SCI PRIMONIAL CAPIMMO ENTERS 6.9% CAPITAL FOR AN AMOUNT OF
€50.0
MILLION

Source text: https://bit.ly/2RfrST1
Further company coverage:  FREY.PA 

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