Vastned Offices/Industrial announced yesterday it has successfully placed 1,683,502 ordinary shares for a total value of EUR 50 mln. The shares were sold at a price of EUR 29.70 each, which is equivalent to the share closing price on Tuesday, the Rotterdam-based property investor said in a press release. Vastned also said that the share issue, representing 8.7% of its current ordinary share capital, was oversubscribed by 70%.
Vastned Offices/Industrial announced yesterday it has successfully placed 1,683,502 ordinary shares for a total value of EUR 50 mln. The shares were sold at a price of EUR 29.70 each, which is equivalent to the share closing price on Tuesday, the Rotterdam-based property investor said in a press release. Vastned also said that the share issue, representing 8.7% of its current ordinary share capital, was oversubscribed by 70%.
The shares are expected to be traded on Euronext from February 5, 2007 with settlement of the offering set to take place on the same date. Merchant bank Kempen & Co is acting as sole manager and bookrunner for the share offer.
