Brief: Photon Energy Says Completes Book Building For Existing Shares In Company

Photon Energy NV

25/06/2021 06:59

June 25 (Reuters) - Photon Energy NV  PENP.WA :
    * COMPLETES OFFERING OF EXISTING SHARES OF COMPANY
    * BOOK-BUILDING PROCESS OF UP TO 11.7 MILLION OF EXISTING
SHARES
OF CO (19.57% STAKE) TO BE SOLD BY CO AND ITS TWO MAIN
SHAREHOLDERS WAS COMPLETED
    * SUBSCRIBING INVESTORS SUBMITTED PURCHASE DECLARATIONS FOR
5.2
MILLION OF SALE SHARES
    * AS WELL AS 5.0 MILLION OF SUBSCRIBED SHARES, CONSTITUTING
8.33%
OF COMPANY'S SHARE CAPITAL
    * SALE PRICE  PER ONE SUBSCRIBED SHARE AT 7.00 ZLOTYS
    * SELLING SHAREHOLDERS WILL NOT SELL ANY OF SALE SHARES
    * PROCEEDS FROM SALE OF TREASURY SHARES ARE INTENDED TO
SECURE
REQUIRED FUNDING FOR IMPLEMENTATION OF GROUP'S STRATEGY GUIDANCE
2021 - 2024

Source text for Eikon:  ID:nEM9yR39sa 
Further company coverage:  PENP.WA 

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