DGAP-Adhoc Global Fashion Group S.A.: LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION

Nachrichtenquelle: EQS Group AG
17.11.2020, 17:48  |  241   |   |   

DGAP-Ad-hoc: Global Fashion Group S.A. / Key word(s): Capital Increase
Global Fashion Group S.A.: LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION

17-Nov-2020 / 17:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

 

GLOBAL FASHION GROUP LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION

Luxembourg, November 17, 2020 - Global Fashion Group S.A. ("GFG" or the "Company", ISIN: LU2010095458, Frankfurt Stock Exchange: GFG) launches a capital increase against cash contributions.

Today, the management board of GFG, with approval of the supervisory board, resolved to pursue an increase of the share capital with exclusion of subscription rights through the issuance of new common shares in dematerialized form, each with a nominal value of EUR 0.01, against cash contributions, targeting total gross proceeds of approximately EUR 120 million (the "Capital Increase"). The number of newly issued shares and the placement price per new share will be determined on the basis of an accelerated bookbuilding. The new shares will carry full dividend rights for the financial year 2020.

The share placement will be launched with immediate effect, and the new shares will be solely offered to institutional investors.

The new shares shall be admitted to trading on the regulated market (regulierter Markt) without a prospectus and are expected to be included in the existing quotation for the Company's shares in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange on or around November 18, 2020. Delivery of the new shares to investors is expected to occur on November 20, 2020.

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Global Fashion Group Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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DGAP-Adhoc Global Fashion Group S.A.: LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION DGAP-Ad-hoc: Global Fashion Group S.A. / Key word(s): Capital Increase Global Fashion Group S.A.: LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION 17-Nov-2020 / 17:48 CET/CEST Disclosure of an inside information acc. to …

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