Utrecht, 9 March 2010
Wessanen successfully raises EUR 18.4 million in equity offering
Royal Wessanen N.V. (“Wessanen” or the “Company”) announces that it has
successfully raised EUR 18.4 million through an accelerated bookbuild offering
(the “Offering”) of 6,835,910 new ordinary shares (the “Shares”) at a price of
EUR 2.69 per share.
The allocation of the Shares took place earlier today. Payment for and delivery
of the Shares is expected to take place on 12 March 2010, at which date the
Shares are expected to be admitted to listing on Euronext Amsterdam by NYSE
Euronext. Fortis Bank Nederland acted as Sole Global Co-ordinator and Sole
Use of proceeds
Wessanen will use the net proceeds of the Offering to strengthen its balance
sheet, thereby providing financial flexibility to carry out its strategic and
operational plans. Such flexibility is desired regarding the timing of the
planned divestment of US based PANOS Brands and the amount and phasing of
advertising and promotional spending during the year.
For more information, please download the complete press release in pdf.
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