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Exmar: Results of scrip private placement |
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Tuesday, 08 December 2009 |
 EXMAR NV announces that, following the successful scrip private placement, 100% of the public offering has now been committed to be subscribed by existing shareholders and new investors.
Today, 7 December 2009, the 2,283,480 unexercised preferential rights
were offered for sale to institutional investors through a scrip
placement procedure at a price of EUR 5.20 per scrip. Investors
purchasing scrips have irrevocably undertaken to exercise the scrips
and subscribe to two new shares per three scrips at the subscription
price of EUR 4.20 per share.
The net proceeds (after deduction of certain expenses) to which holders
of unexercised preferential rights are entitled amounts to EUR 0.66 per
coupon no. 8. This amount will be made available as from 11 December
2009.
The final results of the public offering for subscription will be
announced via a press release and will be published in the financial
press on Wednesday 9 December 2009. The payment of the subscription
price, the realization of the capital increase and the listing of the
new shares and VVPR strips on Euronext Brussels are expected to take
place on 10 December 2009.
EXMAR NV is a diversified and independent shipping group serving the
international gas and oil industry. Apart from providing the ships for
the transportation of these products, it also performs studies and
undertakes the management of commercial, technical and administrative
activities for the industry. EXMAR NV strives to create shareholder
value over the long term by balancing long- and short-term agreements
to counteract volatility in the freight market, combined with providing
services that are tailored to the needs of the customer.
Source: Exmar
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