Brief: NHOA Announces Success Of Its 140 Million Euros Rights Issue

Nhoa SA

29/11/2021 09:26

Nov 29 (Reuters) - Nhoa SA  NHOA.PA :
    * NHOA ANNOUNCES THE STRONG SUCCESS OF ITS €140 MILLION
RIGHTS
ISSUE
    * NET PROCEEDS OF OFFERING WILL BE USED TO SUPPORT ANNOUNCED
MASTERPLAN10X AND STRATEGIC AMBITIONS OF NHOA
    * TOTAL DEMAND, WHICH AMOUNTED TO APPROXIMATELY EUR 160
MILLION,
WAS GREATER THAN TARGETED PROCEEDS OF EUR 140 MILLION,
CORRESPONDING TO A SUBSCRIPTION RATE OF ABOUT 114%
    * FINAL GROSS PROCEEDS OF TRANSACTION AMOUNT TO EUR
139,924,785.60
CORRESPONDING TO ISSUANCE OF 12,766,860 NEW SHARES AT A PRICE OF
EUR 10.96 PER SHARE
    * WE HAVE AMBITION, MEANS AND SOLIDITY TO IMPLEMENT 2023
TECHNOLOGY ROADMAP, TO CONTINUE EXPANSION IN AMERICAS AND ASIA
PACIFIC, AND IN PARTICULAR TO ACCELERATE DEPLOYMENT OF ATLANTE
EV FASTCHARGING NETWORK TOGETHER WITH STELLANTIS - CEO NHOA

Source text for Eikon:  ID:nBw1JzZL9a 
Further company coverage:  NHOA.PA 

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