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Provider: Reuters Investment Profile

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Valneva SE Completes EUR 40 Million Capital Increase

Thursday, 4 Jul 2013 02:00am EDT 

Valneva SE announced the successful completion of its capital increase with pre-emptive subscription rights launched on June 13, 2013. The capital increase was oversubscribed and the final gross proceeds amount to EUR40,187,819.75 with the issuance of 15,165,215 new shares. Total subscription orders for this capital increase amounted to approximately EUR58.7 million, i.e., a subscription rate of approximately 146%. 13,439,860 new shares were subscribed on an irreducible basis, representing approximately 88.6% of the new shares to be issued. Subscription orders on a reducible basis amounted to 8,723,132 new shares and will, as a result, be satisfied only in part, i.e. for 1,725,355 new shares. 

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-0.06 -1.19%
4:19am EDT