Brief: Global Fashion Group Says Places 16.5 Mln New Shares From Cash Capital Increase
17/11/2020 22:50
Nov 17 (Reuters) - Global Fashion Group SA GFG.DE :
* DGAP-ADHOC: GLOBAL FASHION GROUP S.A.: SUCCESSFULLY PLACES
16.5
MILLION NEW SHARES FROM CASH CAPITAL INCREASE WITH GROSS
PROCEEDS OF EUR 120 MILLION
* DECIDED TO INCREASE ITS CURRENT SHARE CAPITAL BY
APPROXIMATELY
8.36%, FROM EUR 1,973,367.16 TO EUR 2,138,367.16
* INCREASE OF ITS CURRENT SHARE CAPITAL BY THROUGH PARTIAL
UTILISATION OF ITS AUTHORIZED CAPITAL
* SHAREHOLDERS' SUBSCRIPTION RIGHTS WERE EXCLUDED
* 16.5 MILLION SHARES IN DEMATERIALIZED FORM PLACED WITH
INSTITUTIONAL INVESTORS AT EUR 7.30 PER SHARE BY ACCELERATED
BOOKBUILDING
* COMPANY RECEIVES GROSS PROCEEDS AMOUNTING TO EUR
120,450,000
FROM CAPITAL INCREASE
* DELIVERY OF NEW SHARES TO INVESTORS IS EXPECTED TO OCCUR
ON
NOVEMBER 20, 2020
* AS PART OF TRANSACTION, COMPANY HAS AGREED TO A LOCK-UP
PERIOD
OF 180 DAYS, SUBJECT TO CUSTOMARY EXCEPTIONS
Source text for Eikon: ID:nEQb5LsKNa
Further company coverage: GFG.DE
((Reuters.Briefs@thomsonreuters.com;))