Brief: TINC Comm Increases Share Capital With Maximum Amount Of Up To 112.7 Million Euros

Tinc NV

20/11/2019 07:07

Nov 20 (Reuters) - Tinc Comm VA  TINCC.BR :
    * PUBLIC OFFERING TO SUBSCRIBE FOR A MAXIMUM OF 9,090,909
NEW
SHARES IN A SHARE CAPITAL INCREASE IN CASH WITH NON-STATUTORY
PREFERENTIAL RIGHTS FOR A MAXIMUM AMOUNT OF EUR 112,727,272
    * SHARE CAPITAL INCREASE WITH A MAXIMUM AMOUNT OF UP TO EUR
112,727,272
    * ISSUE PRICE: EUR 12.40 PER NEW SHARE, REPRESENTING A
DISCOUNT OF
11.43% TO THE CLOSING PRICE OF EUR 14.00 ON NOVEMBER 19, 2019
    * 3 NON-STATUTORY PREFERENTIAL RIGHTS GRANT ITS HOLDERS TO
SUBSCRIBE FOR 1 NEW SHARE
    * GIMV NV AND BELFIUS INSURANCE NV WILL EACH EXERCISE ALL
PREFERENTIAL RIGHTS IN RESPECT OF THE NUMBER OF SHARES THEY
CURRENTLY HOLD
    * DETACHMENT OF COUPON NO. 11 REPRESENTING THE NON-STATUTORY
PREFERENTIAL RIGHT: NOVEMBER 20, 2019 AFTER MARKET CLOSE
    * SUBSCRIPTION PERIOD: FROM NOVEMBER 21, 2019 UNTIL AND
INCLUDING
DECEMBER 2, 2019 (AT 4.00 PM)
    * KBC SECURITIES AND BELFIUS BANK WILL ACT AS JOINT GLOBAL
COORDINATORS IN THIS TRANSACTION

Source text for Eikon:  ID:nNDL1HcqQ0 
Further company coverage:  TINCC.BR 

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