Eramet Launches About €500 Million Share Capital Increase
Nov 13 (Reuters) - Eramet S.A. ERMT.PA:
LAUNCHES A C.€500 MILLION SHARE CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS
APE COMMITS TO SUBSCRIBE FOR ABOUT 64% OF RIGHTS ISSUE
THEORETICAL VALUE OF PREFERENTIAL SUBSCRIPTION RIGHT IS €13.09
RIGHTS ISSUE TO RESULT IN ISSUANCE OF 34,506,054 NEW SHARES AT €14.49 PER SHARE
RIGHTS ISSUE UNDERWRITTEN BY SYNDICATE OF BANKS FOR UNSUBSCRIBED PORTION
SUBSCRIPTION RATIO: 6 NEW SHARES FOR 5 EXISTING SHARES
SETTLEMENT AND ADMISSION OF NEW SHARES ON EURONEXT PARIS: 4 DECEMBER 2026
COMPANY IS NOT AWARE OF SUBSCRIPTION INTENTIONS OF ANY OTHER SHAREHOLDER
SUBSCRIPTION PERIOD TO RUN FROM NOV 18 UNTIL NOV 27, INCLUSIVE
SORAME-CEIR WILL NOT SUBSCRIBE TO ANY NEW SHARES IN ACCORDANCE WITH ITS SUBSCRIPTION COMMITMENT
Further company coverage: ERMT.PA