Share Issue/Capital Change • Apr 8, 2010
Share Issue/Capital Change
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Press Release dated 8 April, 2010 Regulatory Information (*)
Since the publication of its 2009 consolidated accounts on 30 March, the Company has been finalizing numerous subscriptions initiated at the beginning of the year with several potential investors who expressed an interest in participating in a capital increase.
On April 6, 2010 the Board of Directors approved a private placement of 6.1 million EUR in the form of a reserved capital increase under its authorized capital in favour of funds managed by AXA Investment Managers and Neptune Invest for 750,000 and 340,000 shares respectively at a price of 5.61 EUR per share where 1.51 EUR per share corresponds to a share premium. AXA and Neptune subscribed to the capital increase on April 8, 2010.
The share capital of the Company will increase to 49,338,850.60 EUR represented by 12,033,866 shares without nominal value.
Jean-Francois Ott, President of the Company, recognizes in this reinforcement of its corporate capital "proof of the confidence that these indisputably high quality investors who have accompanied Orco for a long time have in the management and its restructuring strategy that has proceeded over the past 18 months."
Luxembourg, 8 April, 2010
(*) (Law of 11 January, 2008 and Regulation of the Grand-Duchy of 11 January, 2008 relating to the transparency obligations of issuers of securities)
For more information, please, visit: www.orcogroup.com
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