Accell Group N.V. successfully raised €31.3 million through an accelerated offering of 2 million new ordinary shares that were priced at €15.65 per share. The net proceeds of the offering will be used to partly finance the acquisition of Raleigh Cycle Limited announced earlier Thursday.
Allocation of the shares took place Thursday, April 26.
Application will be made for listing and admission to trading of the shares on Euronext Amsterdam by NYSE Euronext. Settlement of the shares is expected to take place on May 2, at which date the newly issued shares are expected to be admitted to listing and trading on Euronext Amsterdam by NYSE Euronext. The shares will rank pari passu in all respects with the outstanding ordinary shares, including any final dividend over 2011.
After settlement of the offering, the total number of outstanding shares of Accell Group will consist of 23.1 million shares.
Rabobank International acted as Sole Global Coordinator and Bookrunner and Listing Agent in the Offering.
