Brief: Nurminen Logistics Is Planning To Implement Directed Share Issue Worth About EUR 9.3 Mln

Nurminen Logistics Oyj

12/11/2020 12:52

Nov 12 (Reuters) - Nurminen Logistics Oyj  NLG1V.HE :
    * NURMINEN LOGISTICS PLC IS PLANNING TO IMPLEMENT A DIRECTED
SHARE
ISSUE TO ACQUIRE A MAJORITY SHARE IN THE REAL ESTATE COMPANY
THAT OWNS THE TERMINAL PROPERTY IN VUOSAARI
    * DIRECTED SHARE ISSUE AND PROPERTY ARRANGEMENT ARE PLANNED
TO BE
IMPLEMENTED BY 31 DECEMBER 2020
    * WILL ALSO EXPAND ITS OWNERSHIP BASE.
    * TO ACQUIRE MAJORITY SHARE FROM ILMARINEN IN REAL ESTATE
COMPANY
THAT OWNS TERMINAL PROPERTY IN VUOSAARI
    * PROPERTY ARRANGEMENT WOULD STRENGTHEN ITS BALANCE SHEET BY
INCREASING COMPANY'S EQUITY BY APPROXIMATELY EUR 9.3 MILLION
    * ESTIMATES THAT SAID ARRANGEMENTS WILL CREATE ANNUAL
SAVINGS OF
APPROXIMATELY EUR 1 MILLION DUE TO DECREASED FIXED LEASE COSTS.
    * IN ORDER TO FINANCE PROPERTY ARRANGEMENT, COMPANY IS
PLANNING TO
ISSUE A MAXIMUM OF 30,000,000 NEW SHARES
    * SUBSCRIPTION PRICE OF NEW SHARES IN DIRECTED SHARE ISSUE
WOULD
BE EUR 0.31692
    * COMPANY WILL OPEN A NEW BRANCH IN CHONGQING, CHINA

Source text for Eikon:  ID:nWkrgkwqz 
Further company coverage:  NLG1V.HE 

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