Brief: Fugro Raises About EUR 116 Mln By Issuing New Ordinary Shares

Fugro NV

26/07/2022 07:08

July 26 (Reuters) - FUGRO NV  FUGR.AS :
    * SUCCESSFULLY RAISES EUR 116 MILLION THROUGH AN ACCELERATED
BOOKBUILD OFFERING OF NEW ORDINARY SHARES
    * OFFER PRICE REPRESENTS A DISCOUNT OF 5.1% TO LAST CLOSING
PRICE
PRIOR TO START OF OFFERING
    * OFFERING REPRESENTED APPROXIMATELY 10% OF COMPANY'S ISSUED
AND
OUTSTANDING SHARE CAPITAL
    * INTENDS TO USE NET PROCEEDS OF OFFERING TO REFINANCE
EXISTING
INDEBTEDNESS INCLUDING A POTENTIAL INVESTOR PUT OF 2024
CONVERTIBLE BOND OUTSTANDING AND FOR GENERAL CORPORATE PURPOSES
    * DELIVERY OF NEW SHARES IS ENVISAGED FOR 28 JULY 2022
    * IN ADDITION, COMPANY WILL REPURCHASE EUR 9 MILLION IN
PRINCIPAL
AMOUNT OF OUTSTANDING SUBORDINATED CONVERTIBLE BONDS DUE 2024
VIA A PRIVATE TRANSACTION
    * SETTLEMENT OF REPURCHASE IS EXPECTED ON OR AROUND 28 JULY
2022
    * ADMISSION TO LISTING, TRADING OF NEW SHARES ON EURONEXT
AMSTERDAM EXPECTED TO TAKE PLACE ON 28 JULY 2022
    * ANY 2024 BONDS REPURCHASED TO BE CANCELLED IN ACCORDANCE
WITH
TERMS, CONDITIONS OF 2024 BONDS

Source text for Eikon:  ID:nNDL5FSkT1 
Further company coverage:  FUGR.AS 

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