March 26, 2018 / 9:22 AM / 7 months ago

BRIEF-TINC Announces Completion Of First Phase Of Capital Increase ‍​

March 26 (Reuters) - TINC COMM VA:

* FIRST PHASE OF PUBLIC OFFERING IN THE FRAMEWORK OF THE CAPITAL INCREASE SUCCESSFULLY COMPLETED WITH ABOUT 85 PERCENT OF THE NEW SHARES SUBSCRIBED ‍​

* PRINCIPAL SHAREHOLDERS, BELFIUS INSURANCE AND GIMV, EXERCISED ALL OF THEIR NON-STATUTORY PREFERENTIAL RIGHTS‍​

* REQUESTED FINANCIAL SERVICES AND MARKETS AUTHORITY (FSMA) TO SUSPEND TRADE IN TINC SHARE ON EURONEXT BRUSSELS ON 26 MARCH 2018 UNTIL PUBLICATION OF FINAL RESULTS OF CAPITAL INCREASE

* DELIVERY OF THE NEW SHARES IS EXPECTED ON 28 MARCH 2018 Source text : bit.ly/2pHKIml Further company coverage: (Gdynia Newsroom)

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