Brief: TINC Comm Reports About 84.6% Of Shares Subscribed In First Phase Of Public Offering

Tinc NV

03/12/2019 09:38

Dec 3 (Reuters) - TINC COMM VA  TINCC.BR :
    * FIRST PHASE OF THE PUBLIC OFFERING IN THE FRAMEWORK OF THE
CAPITAL INCREASE HAS BEEN SUCCESSFULLY COMPLETED WITH ABOUT
84.6% OF THE NEW SHARES ALREADY SUBSCRIBED
    * THE ISSUE PRICE WAS SET AT EUR 12.40 PER NEW SHARE
    * ON 21 NOV TINC LAUNCHED A PUBLIC OFFER TO SUBSCRIBE TO
MAXIMUM
9,090,909 NEW SHARES IN THE FRAMEWORK OF A CAPITAL INCREASE IN
CASH WITH NON-STATUTORY PREFERENTIAL RIGHTS FOR A MAXIMUM AMOUNT
OF EUR 112,727,27
    * TINC HAS REQUESTED THE FINANCIAL SERVICES AND MARKETS
AUTHORITY
(FSMA) TO SUSPEND THE TRADE IN THE TINC SHARE ON EURONEXT
BRUSSELS ON 3 DEC UNTIL THE PUBLICATION OF THE FINAL RESULTS OF
THE CAPITAL INCREASE
    * DELIVERY OF THE NEW SHARES IS EXPECTED ON 5 DECEMBER 2019

Source text: https://bit.ly/2OHNUME
Further company coverage:  TINCC.BR 

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