Brief: Retail Estates Launches Capital Increase Of About EUR 50 Mln

Retail Estates NV

09/06/2022 12:09

June 9 (Reuters) - Retail Estates NV  RETE.BR :
    * ANNOUNCEMENT OF CAPITAL INCREASE VIA AN ACCELERATED
PRIVATE
PLACEMENT
    * LAUNCH OF ACCELERATED BOOKBUILD OFFERING TO RAISE AMOUNT
OF
ABOUT EUR 50 MILLION
    * INCREASE BY MEANS OF AN EXEMPT PRIVATE PLACEMENT OF NEW
SHARES
WITH INTERNATIONAL INVESTORS
    * OFFERING ALLOWS TO INCREASE FINANCIAL FIRE POWER,
STRENGTHEN
SHAREHOLDERS’ EQUITY IN ORDER TO FINANCE INVESTMENT PIPELINE
    * OFFERING ALLOWS TO BE ABLE TO BENEFIT FROM ADDITIONAL
INVESTMENT
OPPORTUNITIES IN THE OUT-OF-TOWN RETAIL REAL ESTATE MARKET
    * THE DEBT RATIO AMOUNTED TO 49.15% AS AT 31 MARCH 2022
    * EXPECTED NET PROCEEDS FROM OFFERING ARE EXPECTED TO HAVE
ESTIMATED PRO FORMA IMPACT OF UP TO -1.33% ON DEBT RATIO
    * REQUESTED TRADING OF SHARES BE SUSPENDED UNTIL RESULTS OF
OFFERING, EXPECTED ON OR AROUND 10 JUNE 2022

Source text: https://bit.ly/3aS8FTl
Further company coverage:  RETE.BR 

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