Brief: Latecoere Announces Capital Increase Launch For About 193.4 Million Euros

Latecoere SA

14/07/2021 10:30

July 14 (Reuters) - LATECOERE SA  LAEP.PA :
    * ANNOUNCES THE LAUNCH OF A SHARE CAPITAL INCREASE WITH
SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS FOR AN AMOUNT OF
APPROXIMATELY €193.4 MILLION
    * MAY BE  EXTENDED TO APPROXIMATELY €222.4 MILLION IN THE
EVENT OF
THE  EXERCISE IN FULL OF THE EXTENSION CLAUSE
    * SUBSCRIPTION PRICE: € 0.51 PER NEW SHARE
    * TRADING PERIOD FOR PREFERENTIAL SUBSCRIPTION RIGHTS: FROM
JULY
16TH TO JULY 26TH , 2021 INCLUSIVE
    * SUBSCRIPTION PERIOD: FROM JULY 20 TH TO JULY 28TH, 2021
    * ESTIMATED PROCEEDS OF CAPITAL INCREASE NET OF FEES, IF
FULLY
SUBSCRIBED, ARE APPROXIMATELY €192.4 MILLION
    * THE NET PROCEEDS OF  THE CAPITAL INCREASE WILL BE USED TO
REPAY
THE LOAN GRANTED BY SEARCHLIGHT CAPITAL PARTNERS FOR A TOTAL 
AMOUNT OF APPROX €52.5 MILLION
    * CAPITAL INCREASE WILL BE OPEN TO THE PUBLIC IN FRANCE ONLY
    * THE COMPANY MAY DECIDE TO INCREASE THE NUMBER OF INITIAL
NEW
SHARES BY A MAXIMUM OF 15%, I.E. A MAXIMUM OF 56,891,110
ADDITIONAL NEW SHARES
    * SETTLEMENT AND DELIVERY OF THE NEW SHARES AND COMMENCEMENT
OF
TRADING ON EURONEXT PARIS ARE  EXPECTED TO TAKE PLACE ON AUGUST
4 TH, 2021

Source text for Eikon:  ID:nNDL89wYKq 
Further company coverage:  LAEP.PA 

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