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Ablynx NV Raises EUR 31.5 Million in Private Placement

Wednesday, 27 Feb 2013 07:00pm EST 

Ablynx NV (Ablynx) announced that it has raised EUR 31.5 million through a private placement of new shares via an accelerated bookbuilding procedure announced on February 27, 2013. The private placement has allowed Ablynx to place 4,377,919 new shares with a range of domestic and international institutional investors and qualified institutional buyers in the United States at a price of EUR 7.2 per share, a 6.7% discount on the previous closing price. This represents 10.0% of the current number of outstanding shares and will bring the total number of shares after the issue to 48,157,116. The new shares will be admitted to trading on NYSE Euronext Brussels following their issuance, which is expected to take place on March 5, 2013. 

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-0.161 -1.82%
11:35am EDT