Brief: Global Fashion Group Launches Cash Capital Increase

Global Fashion SA

17/11/2020 16:49

Nov 17 (Reuters) - GLOBAL FASHION GROUP SA  GFG.DE :
    * LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF
EUR
120 MILLION
    * ISSUANCE OF NEW COMMON SHARES IN DEMATERIALIZED FORM, EACH
WITH
A NOMINAL VALUE OF EUR 0.01, AGAINST CASH CONTRIBUTIONS,
TARGETING TOTAL GROSS PROCEEDS OF APPROXIMATELY EUR 120 MILLION
    * NEW SHARES WILL CARRY FULL DIVIDEND RIGHTS FOR FINANCIAL
YEAR
2020
    * SHARE PLACEMENT WILL BE LAUNCHED WITH IMMEDIATE EFFECT,
AND NEW
SHARES WILL BE SOLELY OFFERED TO INSTITUTIONAL INVESTORS
    * INTENDS TO USE NET PROCEEDS FROM CAPITAL INCREASE TO
FURTHER
ACCELERATE DELIVERY OF ITS MID-TERM GROWTH STRATEGY BY
ADDITIONAL INVESTMENTS
    * HAS AGREED TO A LOCK-UP PERIOD OF 180 DAYS, SUBJECT TO
CUSTOMARY
EXCEPTIONS

Source text for Eikon:  ID:nEQ2mTT2a 
Further company coverage:  GFG.DE 

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