Brief: Home Invest Belgium Launches Capital Increase Via Accelerated Bookbuilding

Home Invest Belgium SA

28/06/2023 15:55

June 28 (Reuters) - Home Invest Belgium SA  HINV.BR :
    * LAUNCHES CAPITAL INCREASE VIA ACCELERATED BOOKBUILDING
    * OFFERING ALLOWS FOR FINANCING OF COMPANY’S INVESTMENT
PIPELINE
AND  STRENGTHENING OF BALANCE SHEET BY DECREASING DEBT RATIO
    * HOME INVEST BELGIUM ANNOUNCES TODAY THE LAUNCH OF A
CAPITAL
INCREASE OF NEW SHARES FOR AN AMOUNT OF UP TO 10% OF THE
OUTSTANDING CAPITAL THROUGH A PRIVATE PLACEMENT WITH ACCELERATED
ORDER BOOK PROCEDURE
    * EXPECTED NET  PROCEEDS FROM CAPITAL INCREASE HAVE
ESTIMATED
PRO-FORMA IMPACT OF CA. 3.2% ON DEBT RATIO REDUCING IT TO CA.
49.8% (FROM 53.0% AS AT 31 MARCH 2023)
    * NO DETACHMENT OF COUPON
    * HOME INVEST BELGIUM RECEIVED PRE-COMMITMENTS FROM THE
REFERENCE
SHAREHOLDERS OF THE COMPANY, STAVOS REAL ESTATE BV AND AXA
BELGIUM SA, HOLDING TOGETHER 45.6% OF THE SHARES, TO SUPPORT THE
OFFERING FOR A TOTAL OF AT LEAST 45.6% OF THE SHARES ISSUED
UNDER THE OFFERING
    * NEW SHARES SHALL BE ISSUED WITH COUPONS NO. 5 ET SEQ. 
ATTACHED,
NEW SHARES THEREFORE CONFER RIGHT TO DIVIDEND AS FROM 1 JANUARY
2023
    * BY DOING SO, THE REFERENCE SHAREHOLDERS UNDERLINE THEIR
CONFIDENCE IN HOME INVEST BELGIUM, ITS STRATEGY AND ITS FUTURE
OUTLOOK
    * FOR THE AMOUNT EXCEEDING THESE PRE-COMMITMENTS (IF ANY),
STAVOS
REAL ESTATE BV AND AXA BELGIUM SA WILL BE TREATED AS THE OTHER
INTERESTED INVESTORS IN ACCORDANCE WITH PROTOCOL ENTERED INTO
BETWEEN THE COMPANY AND THE JOINT GLOBAL COORDINATORS

Source text: https://tinyurl.com/jkreh9ee  
Further company coverage:  HINV.BR 

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