TINC Comm VA : Final results of the public offering to subscribe to the capital increase

After a successful private placement of the scrips, existing shareholders and new investors have fully subscribed to the public offering

• On 21 November 2019 TINC launched a public offer to subscribe to maximum 9,090,909 New Shares in the framework of a capital increase in cash with non-statutory preferential rights for a maximum amount of EUR 112,727,272.
• The issue price was set at EUR 12.40 per New Share.
• Three non-statutory preferential rights entitled subscription to one New Share.
• During the subscription period, 84.6% of the New Shares (7,689,359 New Shares) were subscribed for by exercise of non-statutory preferential rights.
• The principal shareholders, Belfius Insurance and Gimv, exercised all of their non-statutory preferential rights.
• During the scrips private placement, 15.4% of the New Shares (1,401,550 New Shares) were subscribed to by exercise of scrips.
• The net proceeds of the non-exercised non-statutory preferential rights, amount EUR 0.43 per coupon no.11, whereby the total amount per holder of non-exercised non-statutory preferential rights shall be rounded down to two decimal places.
• Realisation of the capital increase, payment of the subscription price and delivery of the New Shares is expected 5 December 2019.
• Delivery of the New Shares and admission to trading of the New Shares on Euronext Brussels is expected on 5 December 2019.
• TINC has requested the Financial Services and Markets Authority (FSMA) to suspend the trade in the TINC share on Euronext Brussels on 3 December 2019 until the publication of the final results of the capital increase via this press release.