Prismaflex: successful capital increase

© Reuters. Prismaflex: successful capital increase

Prismaflex announced Friday night that it has raised 1.8 million euros with a limited number of institutional investors in French in the framework of a capital increase with cancellation of the preferential subscription right (DPS) of the existing shareholders, conducted in the form of a private placement pursuant to article L. 4112 II of the French monetary and financial Code.

This operation, whose principle had been announced on 9 January on the occasion of the announcement of the combination of Prismaflex USA with the company, Anthem, Displays, consists in issuing 115,000 new shares, representing 9.6% of the existing issued share capital of the company, at a per share price of 16 euros, representing a discount of 19.2% compared to the average weighted by the volumes of the last 30 days of opening prior to the fixing of the price (19,81€) and 13.5% compared to the last closing price prior to this same date (18,50 euros at February 15, 2018).

The funds raised will be used to finance a portion of the cost of the acquisition of 50% of the share capital of the entity resulting from the merger of Prismaflex USA and Anthem, Displays, the remaining balance to be funded by bank debt.

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