Brussels-based Leasinvest Real Estate plans to sell new shares to raise equity.
Brussels-based Leasinvest Real Estate plans to sell new shares to raise equity.
The Belgian listed real estate company has given notice of a public offering of up to 926,000 shares to raise €60 mln.
The issue price has been set at €65.5 per new share, an 11.56% discount compared to the closing price on 3 June 2013.
Existing shareholders can acquire new shares by exercising their preferential subscription rights at a ratio of 3 new shares for 13 preferential subscription rights. The period to exercise the preferential subscription rights runs to 19 June.
The preferential subscription rights that have not been exercised at the end of the subscription period will be offered for sale on 20 June 2013 to Belgian and institutional investors via an accelerated private book-building process.
BNP Paribas Fortis will act as sole global coordinator and sole bookrunner. ING Belgium and Belfius bank are co-lead managers.
