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Aware: 09-21-2020 09:47
Photo by Judita Grigelyts (V)
Ignitis Group, which is preparing the Initial Public Offering (IPO), will seek to distribute shares and international certificates of deposit for an amount of 22,528 euros.
The state-controlled energy group acquired 20,901,503 shares, or 27.8% of the issued capital, from investors through the IPO.
Under price r, the IPO size reaches 470.3585.2 million. EUR.
The final IPO price of the IPO will be determined taking into account the process of demand formation from September 21 at 12 noon to October 1 at 1 p.m., and is currently expected that the withdrawal of Silom securities to Nasdaq Vilnius and the London Stock Exchange take place in 2020.. October 7 or similar time, indicated Monday morning in the Ignitis Group report.
In turn, the capitalization of the entire group could reach 1,692 million. EUR up to EUR 2.105 billion EUR.
Applications were submitted for admission to listing on the Official List of the Vilnius Stock Exchange and listing of the TDP on the London Stock Exchange. Group abbreviation IGN1L.
When the group started its merger on Monday, the merger prospectus approved by the Bank of Lithuania was also published.
Retail and institutional investors can submit applications to invest until October 1.
The final price of the offer, the number of shares to be distributed and the allocations will arrive on October 2.
The shares will appear in the investor’s securities accounts on October 6, the TDP on October 7, and trading of the shares should begin on October 7.
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