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BRIEF-Ontex announces to launch a capital increase through an accelerated bookbuilt process
March 22, 2017 / 5:47 PM / in 7 months

BRIEF-Ontex announces to launch a capital increase through an accelerated bookbuilt process

March 22 (Reuters) - Ontex Group NV:

* Ontex announces to launch a capital increase through an accelerated bookbuilt process

* Number of new shares to be placed will be determined by bookbuilding process but will not exceed 7,486,110

* New shares will be placed with institutional investors only, without preferential subscription right for shareholders

* Proceeds of ABB placement will be used to refinance business, following acquisition of personal hygiene business of hypermarcas

* Issue price per share and number of shares effectively placed will be announced after completion of placement

* Placement expected before opening of trading on Euronext Brussels on March 23, 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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