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Grand City Properties SA announces successful placement of new shares from capital increase


Tuesday, 3 Dec 2013 02:33am EST 

Grand City Properties SA:Says following an accelerated book building process on Dec. 2 and 3 2013, the company fixed the final volume of the capital increase.Says its share capital will be increased from 8,842,500 euros by 2,700,000 euros to 11,542,500 euros.Says 27,000,000 new ordinary shares with a par-value of 0.10 euros each will be issued.Says offer price per New Share was fixed at 6.50 euros.Says company will receive gross proceeds of 175.5 million euros.