In the course of cash capital increase from authorised capital PORR will launch a public rights offering of up to 10,183,250 new shares on Wednesday, 20 October 2021, subject to the approval of the prospectus by the FMA.
The subscription period commences on 20 October 2021 and ends presumably on 3 November 2021. he subscription ratio is 17 : 6. The subscription price has been set at EUR 12.00 per new share. Subscription rights will be traded on the Vienna Stock Exchange from 20 October 2021 up to and including 28 October 2021.
The major shareholders of PORR, the IGO Industries Group and the Strauss Group, have committed in advance to PORR and the syndicate banks to subscribe for 4,166,676 new shares in the Rights Offering.
Upon completion of the Rights Offering, those new shares not subscribed for by existing shareholders or holders of subscription rights will be offered for sale outside the United States of America to selected institutional and other qualified investors in reliance on Regulation S under the U.S. Securities Act and other applicable exemptions in a private placement.
If the capital increase is carried out in full, PORR's share capital will increase to EUR 39,278,250.00, divided into 39,278,250 shares.