Brief: Orege Launches 49.2 Million Euros Rights Issue

Orege SA

26/06/2019 06:33

June 26 (Reuters) - OREGE SA  OREGE.PA :
    * OREGE LAUNCHES A €49.2 MILLION RIGHTS ISSUE TO STRENGTHEN
ITS
FINANCIAL STRUCTURE AND FUND ITS DEVELOPMENT
    * RIGHTS ISSUE FOR A MAXIMUM AMOUNT OF APPROXIMATELY EUR
49.2
MILLION
    * SUBSCRIPTION RATIO: 85 NEW SHARES FOR 40 EXISTING SHARES
    * SUBSCRIPTION PRICE: EUR 1.24 PER NEW SHARE, I.E. A NOMINAL
DISCOUNT OF 14.48% OVER LAST CLOSING PRICE
    * SUBSCRIPTION RATIO: 85 NEW SHARES FOR 40 EXISTING SHARES
    * OPERATION ALSO AIMS TO PROVIDE OREGE WITH ADDITIONAL
FINANCIAL
RESOURCES THROUGH A CASH SUBSCRIPTION FOR A GROSS AMOUNT THAT
COULD REACH, IF ISSUE IS 100% SUBSCRIBED, EUR 15.3 MILLION
    * EREN INDUSTRIES S.A. AND COMMITMENTS BY THIRD-PARTY
INVESTORS TO
SUBSCRIBE FOR 76.46% OF ISSUE
    * SUBSCRIPTIONS FOR NEW SHARES WILL BE OPEN FROM 2 JULY 2019
TO 11
JULY 2019 INCLUSIVE

Source text for Eikon:  ID:nGNE7B8zYp 
Further company coverage:  OREGE.PA 

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