Brief: Tinc Comm's first phase of public offering in framework of capital increase completed with 85.86 pct subscription to new shares

Tinc NV

15/12/2016 10:16

Dec 15 (Reuters) - Tinc Comm VA  TINCC.BR : 
    * First phase of the public offering in the framework of the capital increase has been 
completed successfully with 85.86 pct subscription to new shares 
    * Launch of accelerated private placement of scrips on 15 December 2016 to institutional 
investors 
    * Issues 5,854,183 new shares 
    * New shares in framework of a capital increase in cash with non-statutory preferential 
rights for a maximum amount of 76,704,547.50 euros ($80.52 million) 
    * Issue price was set at 11.25 euros per new share 
    * Issue date of new shares is December 19, 2016  
 
Source text for Eikon:  ID:nNDL91X5pW  
Further company coverage:  TINCC.BR  
 
($1 = 0.9527 euros) 
 
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