Bang & Olufsen announces successful completion of Offering of new shares in connection with private placement, raising gross proceeds of DKK 228 million [Yahoo! Finance]
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Source: Yahoo! Finance
KONG OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND DOES NOT CONSTITUTE A PUBLIC OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Bang & Olufsen announces successful completion of Offering of new shares in connection with private placement, raising gross proceeds of DKK 228 million The Board of Directors of Bang & Olufsen (“B&O” or the “Company”) hereby announces completion of offering of 24,554,416 new shares with a nominal value of DKK 5.00 each (the “New Shares”) in B&O through a private placement (the “Offering). Reference is made to company announcement no. 24.18. The Offering raised gross proceeds of DKK 228 million through the issuance of 24,554,416 New Shares at an offer price of DKK 9.27 per share. Demand exceeded the size of the Offering and an individual allocation was made. Net proceeds are intended to fund investments in further strengthening of B&O's positi
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NDAQ
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