KBC Group SA Announces Details on Placement of Ordinary Shares
KBC Group SA (KBC) announced the placement of 58,835,294 ordinary shares at a price of EUR 21.25 per share, resulting in gross cash proceeds of EUR 1,250,250,000. The offering comprises approximately 35.8 million new ordinary shares which will be listed as of December 13, 2012 and 23 million new registered shares which will be swapped with a core shareholder (M.R.B.B. CVBA) against existing ordinary shares held by it. The intention is to list the new registered shares by the annual shareholders’ meeting of April 2013. Following the capital increase, the issued share capital of KBC Group NV will amount to EUR 1,250,250,000, represented by 58,835,294 shares with no nominal value. KBC and certain core shareholders have agreed to a six-month lock-up, subject to certain customary exceptions and the granting of a pledge in respect of certain financings. Settlement is scheduled to occur on December 13, 2012.
Latest Developments for KBC Groupe SA
- Share this
- Digg this