DGAP-News: CPI PROPERTY GROUP - full payment of subscription price for 1 billion new shares
DGAP-News: CPI PROPERTY GROUP / Key word(s): Capital Increase
CPI PROPERTY GROUP - full payment of subscription price for 1 billion new shares
11.12.2017 / 18:00
The issuer is solely responsible for the content of this announcement.
CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254
PRESS RELEASE
Luxembourg, 11 December 2017
CPI PROPERTY GROUP - full payment of subscription price for 1 billion new shares
Further to its press release of 28 November 2017, CPI PROPERTY GROUP (the "Company") announces that it received on 8 December 2017 the remainder of the subscription price for the 1,000,000,000 new ordinary shares issued on 28 November 2017 (the "New Shares").
The New Shares, having a par value and a subscription price of EUR 0.10 each, were issued on 28 November 2017 in a reserved capital increase under the Company's authorized share capital, and were partially paid up to 50% of their respective par value and subscription price by RAVENTO S.à r.l., an entity closely associated with Mr. Radovan Vítek (the "Subscriber"), resulting in a global cash payment of EUR 50 million. The Company has received the remaining portion of the subscription price, representing a cash amount of EUR 50 million. Accordingly, the full global subscription price of EUR 100 million for the New Shares has been paid by the Subscriber.
For further information please contact:
Kirchhoff Consult AG
Andrew Stammler
Borselstraße 20
20765 Hamburg
T +49 40 60 91 86 34
F +49 40 60 91 86 60
E andrew.stammler@kirchhoff.de
11.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Luxemburg
Phone:
+352 264 767 1
Fax:
+352 264 767 67
E-mail:
contact@cpipg.com
Internet:
www.cpipg.com
ISIN:
LU0251710041
WKN:
A0JL4D
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
End of News
DGAP News Service
637851 11.12.2017