Brief: VGP Launches Rights Offering Of Maximum Of 5.5 Million New Shares

VGP NV

16/11/2022 06:06

Nov 16 (Reuters) - VGP NV  VGP1.BR :
    * LAUNCHES A RIGHTS OFFERING (WITH NON-STATUTORY
PREFERENTIAL
RIGHTS FOR EXISTING SHAREHOLDERS) OF A MAXIMUM OF 5,458,262 NEW
SHARES, AMOUNTING TO A MAXIMUM OF EUR 302,933,541
    * SUBSCRIPTION PRICE: EUR 55.50 PER NEW SHARE
    * RATIO: 1 NEW SHARE FOR 4 PREFERENTIAL RIGHTS
    * TRADING PERIOD FOR PREFERENTIAL RIGHTS: FROM 17 NOVEMBER
2022 TO
24 NOVEMBER 2022 INCLUSIVE
    * RIGHTS SUBSCRIPTION PERIOD: FROM 17 NOVEMBER 2022 TO 24
NOVEMBER
2022 INCLUSIVE
    * NET PROCEEDS OF OFFERING ARE ESTIMATED AT UP TO EUR
298,959,087
AND ARE TO BE USED PRIMARILY FOR DEVELOPMENT OF NEW PROJECTS ON
DEVELOPMENT LAND IN VGP'S EXISTING AND NEW MARKETS
    * NO MINIMUM AMOUNT HAS BEEN SET FOR OFFERING
    * RESULT OF RIGHTS OFFERING WILL BE ANNOUNCED VIA A PRESS
RELEASE
ON OR ABOUT 25 NOVEMBER 2022
    * ISSUE, SETTLEMENT-DELIVERY AND ADMISSION OF NEW SHARES TO
TRADING ON REGULATED MARKET OF EURONEXT BRUSSELS ARE EXPECTED TO
TAKE PLACE ON NOVEMBER 29, 2022

Source text for Eikon:  ID:nGNE968CGR 
Further company coverage:  VGP1.BR 
 (Gdansk Newsroom)
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