Brief: Orior Launches Placement Of Up To 0.6 Mln New Shares

Orior AG

06/03/2018 16:34

March 6 (Reuters) - Orior AG  ORON.S :
    * LAUNCHES A PLACEMENT OF UP TO 592,499 NEW SHARES THROUGH AN ACCELERATED BOOKBUILDING
    * NEW REGISTERED SHARES WITH A PAR VALUE OF CHF 4.00 PER SHARE
    * AS A RESULT, SHARE CAPITAL WILL INCREASE BY A MAXIMUM OF 9.99%
    * NET PROCEEDS FROM CAPITAL INCREASE WILL BE USED TO FINANCE CONTEMPLATED ACQUISITION OF
THURELLA
    * NEBAG AG, MAIN SHAREHOLDER OF THURELLA, HAS COMMITTED TO PURCHASE 100,000 NEW SHARES
    * EGS BETEILIGUNGEN COMMITTED TO PURCHASE NEW SHARES PROPORTIONALLY TO ITS SHAREHOLDING OF
10.5%
IN ORIOR
    * BOTH INVESTORS HAVE AGREED TO A LOCK-UP PERIOD OF 90 DAYS

Source text for Eikon:  ID:nTENj6r12a 
Further company coverage:  ORON.S 

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