Brief: Vossloh Launches Accelerated Bookbuilding

Vossloh AG

12/11/2024 16:56

Nov 12 (Reuters) - VOSSLOH AG  VOSG.DE :
    * VOSSLOH LAUNCHES CASH CAPITAL INCREASE AND PLACEMENT
THROUGH
ACCELERATED BOOKBUILDING
    * TO ISSUE UP TO 1,756,417 NEW SHARES
    * NEW SHARES TO CARRY FULL DIVIDEND RIGHTS FROM JAN 1, 2024
    * NEW SHARES TO BE OFFERED EXCLUSIVELY TO INSTITUTIONAL
INVESTORS
    * MAJOR SHAREHOLDER OF COMPANY, KB HOLDING GMBH, HAS
UNDERTAKEN TO
PARTICIPATE IN CAPITAL INCREASE IN ACCORDANCE
    * PRIVATE PLACEMENT TO BE INITIATED IMMEDIATELY
    * FOLLOWING PRIVATE PLACEMENT, VOSSLOH WILL BE SUBJECT TO A
LOCK-UP PERIOD OF 6 MONTHS
    * NEW SHARES EXPECTED TO BE ADMITTED FOR TRADING ON NOV 15,
2024
    * MANAGEMENT BOARD CONTINUES TO EXPECT SATEBA ACQUISITION TO
BE
COMPLETED IN SPRING 2025
    * NET PROCEEDS TO PARTIALLY FINANCE SATEBA GROUP ACQUISITION

Source text:  ID:nEQ8hsCP1a 
Further company coverage:  VOSG.DE 

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