Brief: Cegereal Raises 79.9 Million Euros In Capital Increase

Vitura SA

19/10/2018 16:58

Oct 19 (Reuters) - CEGEREAL SA  CGR.PA :
    * REG-CEGEREAL ANNOUNCES THE SUCCESS OF ITS €79,900,687.50
CAPITAL
INCREASE WITH SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS
    * REG-CEGEREAL ANNOUNCES THE SUCCESS OF ITS €79,900,687.50
CAPITAL
INCREASE WITH SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS
    * PROCEEDS OF CAPITAL INCREASE WILL BE USED TO FINANCE A
PORTION
OF ACQUISITION OF PASSY KENNEDY BUILDING
    * SUBSCRIPTION PRICE OF EUR 35.85 PER NEW SHARE
    * ISSUANCE OF 2,228,750 NEW ORDINARY SHARES
    * AFTER COMPLETION OF CAPITAL INCREASE, NORTHWOOD INVESTORS
AND
GIC WILL HOLD 56.32% AND 25.43% OF SHARE CAPITAL OF COMPANY,
RESPECTIVELY
    * 2,015,306 NEW SHARES WERE SUBSCRIBED ON AN IRREDUCIBLE
BASIS (À
TITRE IRRÉDUCTIBLE) I.E., 90.42 % OF NEW SHARES TO BE ISSUED
    * ENTIRE BALANCE OF PASSY KENNEDY ACQUISITION PRICE WILL BE
FINANCED BY BANK LOAN OF AMOUNT OF ABOUT 145 MILLION
    * 439,044 NEW SHARES WERE REQUESTED ON A REDUCIBLE BASIS (À
TITRE
RÉDUCTIBLE), I.E., 19.70 % OF NEW SHARES TO BE ISSUED, AND WERE
ONLY BE SATISFIED WITH RESPECT TO 213,444 NEW SHARES.
    * TOTAL SUBSCRIPTION RATE OF 110.12 %
    * SETTLEMENT AND DELIVERY OF NEW SHARES SHOULD TAKE PLACE ON
25
OCTOBER 2018
    * COMPANY HAS AGREED TO A LOCK-UP PERIOD EXPIRING 90
CALENDAR DAYS
FOLLOWING SETTLEMENT AND DELIVERY DATE OF NEW SHARES

Source text for Eikon:  ID:nGNE6Lnnx1 
Further company coverage:  CGR.PA 

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