Brief: Innovator International offers to sell 19.7 pct TCM stake

TCM A/S

23/05/2018 16:05

May 23 (Reuters) - Tcm Group A/S  TCM.CO :
    * INNOVATOR INTERNATIONAL ANNOUNCES LAUNCH OF AN ACCELERATED
BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF UP TO 1,965,563
EXISTING SHARES IN TCM GROUP
    * STAKE EQUIVALENT TO UP TO 19.66% OF SHARE CAPITAL AND
VOTING
RIGHTS IN TCM, HELD BY SELLER
    * PRICE PER SHARE IN PLACING WILL BE DETERMINED THROUGH AN
ACCELERATED BOOKBUILDING PROCESS
    * BOOKBUILDING PERIOD COMMENCES TODAY, 23 MAY 2018, AT 17:00
CEST
AND MAY CLOSE AT ANY TIME ON SHORT NOTICE
    * CARNEGIE INVESTMENT BANK AND DANSKE BANK ARE ACTING AS
JOINT
BOOKRUNNERS IN CONNECTION WITH TRANSACTION

Source text for Eikon:  urn:newsml:reuters.com:*:nWkr16cK3H
Further company coverage:  TCM.CO 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))