Brief: Lumibird Launches Rights Issue For 31.6 Million Euros

Lumibird SA

21/05/2020 07:15

May 21 (Reuters) - Lumibird SA  LBIRD.PA :
    * LUMIBIRD IS LAUNCHING A RIGHTS ISSUE WITH PREEMPTIVE
SUBSCRIPTION RIGHTS MAINTAINED FOR A MAXIMUM OF EUR 31.6M,
POTENTIALLY RISING TO EUR 36.3M IN EVENT OF ADDITIONAL DEMAND
    * SUBSCRIPTION RATIO: 4 NEW SHARES FOR 21 EXISTING SHARES
    * COMMITMENT BY MAJORITY CONCERT STRUCTURE TO SUBSCRIBE FOR
75% OF
ISSUE
    * SUBSCRIPTION PRICE: 9 EUROS PER NEW SHARE, REPRESENTING A
DISCOUNT OF 9.1% COMPARED WITH LAST CLOSING PRICE
    * EX-DATE OF MAY 25, 2020 FOR PREEMPTIVE SUBSCRIPTION RIGHTS
AND
SUBSCRIPTION PERIOD OPEN FROM MAY 27 TO JUNE 9, 2020 INCLUSIVE

Source text for Eikon:  ID:nGNE4l9Xzl 
Further company coverage:  LBIRD.PA 

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