Brief: Vista Alegre To Run Share Offer Of Up To 25 Pct Of Share Capital

VAA Vista Alegre Atlantis SGPS SA

28/11/2018 06:46

Nov 28 (Reuters) - VAA Vista Alegre Atlantis SGPS SA
 VAF.LS :
    * SAID ON TUESDAY TO OFFER UP TO 25 PERCENT OF SHARE CAPITAL
(AFTER CAPITAL INCREASE) CORRESPONDING TO 43.5 MILLION SHARES
    * OFFER COMPRISED OF A CAPITAL INCREASE OF 21.8 MILLION NEW
SHARES
(12.5 PERCENT SHARE CAPITAL) AND A SALE OFFER OF 8.7 MILLION
EXISTING SHARES BY VISABEIRA INDUSTRIA (5 PERCENT SHARE CAPITAL)
    * UPSIZE OPTION FOR UP TO 13.0 MILLION SHARES TO BE SOLD
WITHIN
INSTITUTIONAL OFFER BY VISABEIRA INDUSTRIA (7.5 PERCENT)
    * PRICE RANGE OF OFFER BETWEEN 1.00 EUROS AND 1.30 EUROS PER
SHARE
    * OFFER PERIOD FROM NOVEMBER 29 UNTIL DECEMBER 12, 2018
    * ADMISSION OF NEW SHARES TO TRADING IN EURONEXT LISBON ON
DECEMBER 19, 2018
    * PROCEEDS OF OFFER TO BE USED IN IMPLEMENTATION OF SOME
MEASURES
OF VISTA ALEGRE'S STRATEGIC PLAN AND TO PARTIALLY REDUCE DEBT 

    
 Source text for Eikon: https://bit.ly/2PZKnLJ
https://bit.ly/2PZKnLJ
    
 Further company coverage:  VAF.LS  
   


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