Brief: Invibes Advertising Announces Succes Of Second Tranche Of €2.5M Capital Increase

Invibes Advertising NV

18/03/2020 17:12

March 18 (Reuters) - INVIBES ADVERTISING NV  ALINV.PA :
    * INVIBES ADVERTISING ANNOUNCES SUCCES OF SECOND TRANCHE OF
€2.5M
CAPITAL INCREASE
    * PRIVATE PLACEMENT OF €1.5M ISSUED TO GENERIS CAPITAL
PARTNERS IN
ADDITION TO FIRST TRANCHE OF €1.0M RAISED IN OCTOBER 2019
    * A SECOND TRANCHE, IN AMOUNT OF EUR 1.0 MILLION INCLUDING
ISSUE
PREMIUM, WAS COMPLETED ON 16 MARCH 2020
    * OVERALL, THE CAPITAL INCREASE RAISED A TOTAL OF €2.5M,
INCLUDING
THE ISSUE PREMIUM, AND RESULTED IN THE ISSUE OF 312,472 NEW
SHARES AT AN AVERAGE WEIGHTED PRICE OF €8.00 PER SHARE
    * A TOP-UP PLACEMENT OF EUR 500K, INCLUDING ISSUE PREMIUM,
WAS
AGREED BY PARTIES, RESULTING IN ISSUE OF 62,488 NEW SHARES,
WITHOUT PRE-EMPTIVE SUBSCRIPTION RIGHTS
    * ON CORONAVIRUS: COMPANY IS KEEPING A CLOSE WATCH ON
SITUATION IN
RELATION TO COVID-19 VIRUS EPIDEMIC
    * ON CORONAVIRUS: AT THIS POINT IN TIME, IT DOES NOT EXPECT
OUTBREAK TO HAVE AN IMPACT ON ITS BUSINESS IN SHORT TERM

Source text for Eikon:  ID:nGNE4wTZRm 
Further company coverage:  ALINV.PA 

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