Brief: Frey Launches A Rights Issue For Around 102 Million Euros

Frey SA

23/11/2021 07:09

Nov 23 (Reuters) - Frey SA  FREY.PA :
    * LAUNCHES A RIGHTS ISSUE FOR AN AMOUNT OF APPROXIMATELY
€102
MILLION
    * SUBSCRIPTION PRICE: €30.00 PER NEW SHARE
    * SUBSCRIPTION RATIO: 3 NEW SHARES FOR 22 EXISTING SHARES
    * TRADING PERIOD OF THE PREFERENTIAL SUBSCRIPTION RIGHTS:
FROM
NOVEMBER 24, 2021 TO DECEMBER 6, 2021 (INCLUDED)
    * SUBSCRIPTION PERIOD: FROM NOVEMBER 26, 2021 TO DECEMBER 8,
2021
(INCLUDED)
    * TRANSACTION IS BACKED BY IRREVOCABLE SUBSCRIPTION
COMMITMENTS
FROM ITS MAIN SHAREHOLDERS, WHICH REPRESENT 100% OF THE AMOUNT
OF THE SHARE CAPITAL INCREASE
    * NET PROCEEDS OF SHARE CAPITAL INCREASE WILL ALLOW COMPANY
TO
PARTLY FINANCE SECURED PROJECTS OF ITS FRENCH AND INTERNATIONAL
DEVELOPMENT PIPELINE, WHICH REPRESENT TOTAL INVESTMENT OF AROUND
€300 MILLION

Source text: [https://bit.ly/2Zk8WJq]
Further company coverage:  FREY.PA 

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