Media Centre
15 Jun 2010 |
Press release - Grontmij successfully completes EUR 25.6 million accelerated bookbuild of new depositary receipts
Grontmij N.V. (“Grontmij” or the “Company”) has successfully raised an amount of EUR 25.6 million of new equity through an accelerated bookbuild offering (the “Offering”). A total number of 1,785,080 new depositary receipts of ordinary shares (the “Depositary Receipts”) were placed. The Depositary Receipts have been placed at a price of EUR 14.35 per Depositary Receipt (the “Offering Price”). Based on the issue price as determined in the Offering, Ginger S.A.'s CEO Jean-Luc Schnoebelen will subscribe for 905,923 of new ordinary shares (the “Shares”) in Grontmij through a private placement (the “Private Placement”).
Grontmij intends to use the net proceeds of the Offering and the Private Placement to partially finance the previously announced acquisition of Ginger S.A.
Allocation of the Depositary Receipts has taken place today (15 June 2010). The payment for and issue and delivery of the Depositary Receipts and the Shares is expected to take place on 18 June 2010, at which date the Depositary Receipts are expected to be admitted to listing and trading on Euronext Amsterdam by NYSE Euronext. A prospectus will be prepared by Grontmij in connection with the application for admission to listing and trading on Euronext Amsterdam by NYSE Euronext of the Shares placed with Ginger S.A.’s CEO Jean-Luc Schnoebelen and the depositary receipts representing such shares that will be tradable through the exchange. It is currently envisaged that application will be made no later than 90 days after issue of the Shares.
After settlement of the Offering, Grontmij will have a total of 19,635,968 depositary receipts outstanding.
ING and The Royal Bank of Scotland N.V. acted as Joint Global Coordinators and Joint Bookrunners for the Offering.
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