Brief: Lalique Announces Agreement With DS Group For Share Purchase

Lalique SA

25/06/2019 16:35

June 25 (Reuters) - LALIQUE GROUP SA  LLQ.S :
    * ANNOUNCES AGREEMENT WITH DS GROUP FOR PURCHASE OF SHARES
AS WELL
AS TIMETABLE AND PARAMETERS OF PLANNED RIGHTS ISSUE
    * DS GROUP WILL PURCHASE SHARES FROM SILVIO DENZ AND THROUGH
UPCOMING RIGHTS ISSUE, RESULTING IN A STAKE IN LALIQUE GROUP OF
AROUND 11% TO 18%
    * OFFERING AND LISTING FOR RIGHTS ISSUE FOR A TOTAL OF UP TO
1,200,000 NEW SHARES
    * SUBSCRIPTION PERIOD IS PLANNED TO BEGIN ON 3 JULY 2019
    * SILVIO DENZ WILL REMAIN MAJORITY SHAREHOLDER OF LALIQUE
GROUP
AFTER COMPLETION OF RIGHTS ISSUE AND AGREEMENT
    * LALIQUE GROUP'S SHARE CAPITAL TO BE INCREASED BY UP TO
1,200,000
NEW SHARES, REPRESENTING A TOTAL NOMINAL AMOUNT OF UP TO CHF
240,000
    * SHAREHOLDERS WILL BE GRANTED SUBSCRIPTION RIGHTS ENTITLING
THEM
TO PURCHASE ONE NEW LALIQUE GROUP SHARE AT A SUBSCRIPTION PRICE
OF CHF 40 FOR EVERY 5 SHARES
    * LISTING AND FIRST DAY OF TRADING OF NEW SHARES ON SIX
SWISS
EXCHANGE ARE PLANNED FOR 12 JULY 2019

Source text for Eikon:  ID:nEQ2NdPZfa 
Further company coverage:  LLQ.S 

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