Brief: Home Invest Belgium Launches Capital Increase Via Accelerated Bookbuilding

Home Invest Belgium SA

23/06/2022 09:06

June 23 (Reuters) - Home Invest Belgium SA  HINV.BR :
    * HOME INVEST BELGIUM LAUNCHES CAPITAL INCREASE VIA
ACCELERATED
BOOKBUILDING
    * CAPITAL INCREASE OF APPROXIMATELY € 30 MILLION OF NEW
SHARES
THROUGH A PRIVATE PLACEMENT WITH ACCELERATED  ORDER BOOK
PROCEDURE
    * THE OFFERING ALLOWS FOR THE FINANCING OF THE INVESTMENT
PIPELINE
OF THE COMPANY AND  STRENGTHENING THE BALANCE SHEET BY WAY OF
DECREASING THE DEBT RATIO.
    * EXPECTED NET  PROCEEDS FROM THE CAPITAL INCREASE HAVE AN
ESTIMATED PRO-FORMA IMPACT OF 3.9% ON THE  DEBT RATIO REDUCING
IT TO 49.9% (FROM 53.8% AS AT 31 MARCH 2022).
    * HOME INVEST BELGIUM RECEIVED INTENTIONS FROM THE REFERENCE
SHAREHOLDERS OF THE  COMPANY, AND AXA, TO SUPPORT THE OFFERING 
FOR A TOTAL OF AT LEAST 44.2% OF THE OFFERING SIZE
    * THE NEW SHARES CONFER THE  RIGHT TO DIVIDEND AS FROM 1
JANUARY
2022

Source text: https://bit.ly/3xNr37D
Further company coverage:  HINV.BR 

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