GO plc – Forthnet’s announcement re Prospectus

December 2, 2013
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

GO plc announced that Forthnet SA (‘Forthnet’) has earlier today issued an announcement in connection with the Prospectus for the share capital increase of the Company with pre-emption rights in favour of the existing shareholders. The company announcement issued by Forthnet is being reproduced below as part of this Company announcement. 

Forthnet SA 

Announcement 

Forthnet S.A. (hereinafter the “Company” or “Forthnet”) announces, according to the EU Regulation 809/2004 and the Law 3401/2005, as in force, that the Prospectus for the share capital increase of the Company with pre-emption rights in favor of the existing shareholders and the trading of new shares in the Athens Stock Exchange resolved by the Extraordinary General Meeting of its Shareholders dated 23.08.2012, which was approved by the Capital Market Commission (hereinafter “CMC”) on 29.11.2013, will be available to investing public as of 02.12.2013. Specifically, the above Extraordinary General Meeting of Shareholders resolved, inter alia, the Company’s share capital increase up to the amount of € 29.143.372,50 with the issue of up to 97.144.575 new common registered dematerialized shares with a nominal value of € 0,30 each (hereinafter the “New Shares”), payable in cash and with pre-emption rights in favor of the existing shareholders at a ratio of 15 new shares for 2 existing shares. The authorized by the Extraordinary General Meeting of Shareholders of 23.08.2012 Board of Directors at its meeting on 21.08.2013 determined the issue price of the New Shares at € 0,30 (hereinafter the “Issue Price”) for each New Share, which, according to the Extraordinary General Meeting of Shareholders of 23.08.2012 may be higher than the market price of the existing shares at the ex-rights date. The Company’s Board of Directors of 23/11/2013, as authorized by the Extraordinary General Meeting of Shareholders of 23.08.2012, resolved that the beneficiaries of pre-emption rights, after having fully exercised their pre-emption rights, will be entitled to an oversubscription right, as referred in detail in the approved by the CMC on 29.11.2013 Prospectus. In total up to 97.144.575 new common registered shares will be issued with a nominal value of € 0,30 at the Issue Price of € 0,30 for each new share, while it is expected that the raised funds will amount up to €29.143.372,50. 

 

  

The shares to be issued as a result of the share capital increase payable in cash shall be admitted for trading to the Athens Stock Exchange, following relevant application, in the “Under Surveillance” section. For the admission for trading of the new shares a prior approval by the A.S.E. is required. 

 

All information regarding the procedure for the subscription and exercise of the pre-emption rights by the investors in relation to the share capital increase is available in chapters 4.7.2 «Procedure for the Exercise of Pre-emption Rights» and 4.7.3 «Oversubscription Right» of the approved by the CMC Prospectus. 

 

 

To view the official company announcement, click here.