Gimv: fundraising expected to be well subscribed
(CercleFinance.com) - Gimv announced on Friday that its capital increase had been very well received by its shareholders, as the operation closed last night.
In a press release, the investment company stated that 82.5% of its shareholders had subscribed to the capital increase with pre-emptive subscription rights (DPS), the first phase of the fundraising.
Under the terms of the operation, four DPSs would entitle the holder to subscribe to one new share, based on a unit price of 34.50 euros.
According to Gimv, the subscriptions received represent the issue of some 5.9 million new shares out of the 7.15 million to be put on the market as part of the transaction, which is expected to raise a total of 247 million euros.
Unexercised preferential rights must now be converted into an equivalent number of 'scrips', which will be offered for sale in a private placement aimed at Belgian and international institutional investors.
Gimv shares remained suspended on the Brussels Stock Exchange on Friday, pending the results of this placement.
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