June 21, 2017 / 6:36 AM / 2 months ago

BRIEF-Tom Tailor completes cash capital increase

June 21 (Reuters) - TOM TAILOR:

* TOM TAILOR HOLDING SE SUCCESSFULLY COMPLETED CASH CAPITAL INCREASE SUPPORTED BY HIGH SUBSCRIPTION RATE FROM SHAREHOLDERS

* ‍NET PROCEEDS OF APPROXIMATELY EUR 61 MILLION​

* ‍PROCEEDS WILL BE USED FOR FURTHER INVESTMENTS IN BRANDS, E-COMMERCE AND OMNI-CHANNEL, REFURBISHMENTS OF STORES AS WELL AS IT STRUCTURES​

* MAJOR SHAREHOLDER FOSUN FULLY EXERCISED SUBSCRIPTION RIGHTS AND INCREASED STAKE TO 29.99 PERCENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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