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Eramet Launches About €500 Million Share Capital Increase

By Reuters News

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

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