May 18, 2020 / 4:20 PM / 18 days ago

BRIEF-Eurofins To Issue 900,000 New Shares Via Accelerated Book Building Offering

May 18 (Reuters) - EUROFINS SCIENTIFIC SE:

* EUROFINS ANNOUNCES THE ISSUANCE OF C. 900,000 NEW SHARES VIA AN ACCELERATED BOOK BUILDING OFFERING TO INSTITUTIONAL INVESTORS IN ORDER TO SUPPORT ITS RAPID BUILD-UP OF COVID-19 TESTING CAPACITIES

* THE NEW ORDINARY SHARES WOULD REPRESENT C. 5% OF THE EXISTING ISSUED SHARE CAPITAL

* PURPOSE OF PLACEMENT IS TO ENABLE EUROFINS TO FUND INVESTMENTS AND NET WORKING CAPITAL NEEDS

* TRANSACTION IS LED BY BERENBERG AND CREDIT SUISSE AS JOINT GLOBAL COORDINATORS AND JOINT BOOKRUNNERS

* IS ALSO PREPARING THE LAUNCH OF SEVERAL ADDITIONAL COVID-19 TESTING PRODUCTS FOR WHICH PRODUCTION CAPACITY HAS TO BE SET UP IN EUROPE AND NORTH AMERICA

* THE SETTLEMENT-DELIVERY AND THE ADMISSION OF THE NEW SHARES ON EURONEXT PARIS SHOULD OCCUR ON 22 MAY 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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