Edition:
India

Waterland And Baltisse Announces Private Placement Of Around 9.3 Million Shares In Fagron


Friday, 11 Oct 2019 

Oct 11 (Reuters) - FAGRON NV ::WATERLAND AND BALTISSE ANNOUNCE PRIVATE PLACEMENT OF SHARES IN FAGRON.WPEF VI HOLDCO III BE B.V. INTENDS TO SELL THROUGH A PRIVATE PLACEMENT, APPROXIMATELY 9.3 MILLION EXISTING ORDINARY SHARES HELD BY IT IN CO.PRIVATE PLACEMENT REPRESENTS 12.98% OF FAGRON'S CURRENT OUTSTANDING CAPITAL AND CORRESPONDS TO ENTIRE STAKE THAT SELLING SHAREHOLDER CURRENTLY HOLDS IN FAGRON.UNTIL RESULTS OF PRIVATE PLACEMENT ARE ANNOUNCED, TRADING OF FAGRON'S SHARES ON REGULATED MARKETS OF EURONEXT BRUSSELS AND AMSTERDAM WILL BE SUSPENDED.BOOKS OPEN WITH IMMEDIATE EFFECT AND MAY CLOSE ON SHORT NOTICE.PRIVATE PLACEMENT WILL BE CONDUCTED BY MEANS OF AN ACCELERATED BOOKBUILDING.SELLING SHAREHOLDER HAS AGREED TO LOCK-UP OF 90 CALENDAR DAYS FOR ALL FAGRON SHARES NOT SOLD IN PRIVATE PLACEMENT.JOH. BERENBERG, GOSSLER & CO. KG WILL ACT AS SOLE BOOKRUNNER IN CONNECTION WITH PLACEMENT.RESULTS OF PRIVATE PLACEMENT WILL BE ANNOUNCED SHORTLY AFTER COMPLETION OF BOOKBUILDING PROCESS.SETTLEMENT IS EXPECTED TO OCCUR TWO BUSINESS DAYS AFTER ANNOUNCEMENT OF PRIVATE PLACEMENT RESULTS. 

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15 Nov 2019