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LCNB Corp Announces Issue Of Shares-Form 8-K

Friday, 1 Nov 2013 09:22am EDT 

LCNB Corp reported in its Form 8-K that on October 31, 2013, the Company entered into an Underwriting Agreement (the Agreement) with FBR Capital Markets & Co., pursuant to which the Company agreed to issue and sell 1,428,571 shares of the Company’s common stock, no par value (the Common Stock), at a public offering price of $17.50 per share in an underwritten public offering (the Offering). As part of the Offering, the Company has granted the underwriter a 30-day option to purchase up to an additional 214,286 shares of Common Stock. The net proceeds of the Offering, after underwriting discounts and commissions and estimated offering expenses and before giving effect to the option to purchase additional shares, if exercised, will be approximately $23.3 million. In connection with the Offering, each of the Company’s directors and executive officers have agreed to enter into 90-day “lock-up” agreements, subject to customary exceptions. 

Company Quote

-0.02 -0.13%
20 Aug 2014