Brief: Realites Announces Capital Increase Of Around 15 Million Euros

Realites SCA

02/07/2020 06:58

July 2 (Reuters) - REALITIES SA  ALREA.PA :
    * CAPITAL INCREASE WITH RETENTION OF PREFERENTIAL
SUBSCRIPTION
RIGHTS FOR AN AMOUNT OF APPROXIMATELY €15 MILLION
    * CAPITAL INCREASE CAN BE INCREASED TO 17 M€ IN CASE OF
ADDITIONAL
REQUEST
    * UNIT SUBSCRIPTION PRICE :20.00 EUROS PER NEW SHARE
    * SUBSCRIPTION PERIOD: FROM 8 JULY 2020 TO 21 JULY 2020
INCLUSIVE
    * SUBSCRIPTION COMMITMENTS: 11.5 M€ REPRESENTING 77.6% OF
CAPITAL
INCREASE (EXCLUDING THE EXTENSION CLAUSE) BY DOGE INVEST AND
REACTION
    * USAGE CONTROL BUSINESS UNIT: SAYS THAT THE COVID-19 CRISIS
WILL
NOT HAVE SIGNIFICANT IMPACT ON THIS SECTOR IN THE SHORT OR
MEDIUM TERM ACTIVITY
    * ON COVID-19:  ESTIMATES A CUMULATIVE DELAY OF 2 MONTHS ON
THE
PROJECTED DELIVERY TIMES OF THE OPERATIONS
    * ON COVID-19:  EXPECTS A CATCH-UP EFFECT FROM BEGINNING OF
MAY
2020 TO END OF 2020, NOTABLY DUE TO  IMBALANCE BETWEEN SUPPLY
AND DEMAND IN FIXED ASSETS
    * EXPECTS TO ACHIEVE ANNUAL GROWTH OF ITS TURNOVER BY
APPROXIMATELY 15%. I.E. A TURNOVER OF APPROXIMATELY €190 MILLION

Source text for Eikon:  ID:nEQ2d7PcYa 
Further company coverage:  ALREA.PA 

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