Soitec SA Announces EUR 71.5 Million Capital Increase
Soitec SA announced the launch of a EUR 71.5 million capital increase with preferential subscription rights. The exchange ratio is 2 new shares for five existing shares. The subscription price is EUR 1.45 per share. The subscription is July 1, 2013 to July 12, 2013. The Company's two main shareholders, Fonds Strategique d'Investissement and Mr. Auberton-Herve will subscribe to the issue. Proceeds from the capital increase will go towards refinancing the Company's convertible bonds which were issued in 2009.
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