Brief: Frey Announces The Success Of Its Rights Issue

Frey SA

13/12/2021 16:23

Dec 13 (Reuters) - FREY SA  FREY.PA :
    * ANNOUNCES THE SUCCESS OF ITS RIGHTS ISSUE FOR AN AMOUNT OF
APPROXIMATELY €102 MILLION
    * SETTLEMENT AND DELIVERY AND ADMISSION OF THE NEW SHARES TO
TRADING ON EURONEXT PARIS: DECEMBER 15, 2021
    * WILL ALLOW COMPANY TO PARTLY FINANCE SECURED PROJECTS OF
FRENCH
AND INTERNATIONAL DEVELOPMENT PIPELINE, WHICH REPRESENT TOTAL
INVESTMENT OF AROUND €300 MILLION, BALANCE BEING FINANCED BY
EXTERNAL DEBT AND BY CO'S AVAILABLE CASH
    * DISBURSEMENTS FOR THE COMPLETION OF THESE PROJECTS WILL BE
SPREAD OVER SEVERAL YEARS
    * SHARE CAPITAL INCREASE WAS FULLY SUBSCRIBED FOR A TOTAL
AMOUNT,
ISSUE PREMIUM INCLUDED, OF €102,120,480.00 RESULTING IN THE
ISSUE OF 3,404,016 NEW SHARES (THE "NEW SHARES") AT A
SUBSCRIPTION PRICE OF €30.00 PER NEW SHARE
    * FOLLOWING THE SHARE CAPITAL INCREASE, THE SHARE CAPITAL OF
THE
COMPANY WILL AMOUNT TO €70,917,007.50, DIVIDED INTO 28,366,803
SHARES OF €2.50 PAR VALUE EACH
    * COMPANY HAS AGREED TO A LOCK-UP PERIOD ENDING 180 CALENDAR
DAYS
AFTER THE SETTLEMENT AND DELIVERY DATE OF THE SHARE CAPITAL
INCREASE, SUBJECT TO CERTAIN CUSTOMARY EXCEPTIONS
    * FIRMAMENT PARTICIPATIONS, PRIMONIAL CAPIMMO, PREDICA,
CARDIF
ASSURANCE VIE ET SOGECAP, SHAREHOLDERS OF THE COMPANY, HAVE
AGREED TO LOCK-UP PERIODS ENDING 90 CALENDAR DAYS AFTER
SETTLEMENT AND DELIVERY DATE OF SHARE CAPITAL INCREASE, SUBJECT
TO CERTAIN CUSTOMARY EXCEPTIONS

Further company coverage:  FREY.PA 

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