Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports

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TK Development A/S Completes Rights Issue

Monday, 2 Sep 2013 02:59am EDT 

TK Development A/S announced that the Company has completed the offering of shares with pre-emptive rights for the Company’s existing shareholders (the Offering). A total of 56,087,620 new shares of nominally DKK 1 each, corresponding to 100% of the offered shares, have been subscribed for. The new shares were subscribed for at a price of DKK 4.11 per share, generating gross proceeds of DKK 230.5 million for the Company. After deducting expenses related to the Offering, anticipated net proceeds of DKK 218.7 million will be available to the Company. After registration of the new shares, the Company’s nominal share capital will amount to DKK 98,153,335, divided into 98,153,335 shares of nominally DKK 1.