Agreement inked with Societe Generale to sell up to 1,652,000 shares
By Devika Patel
Knoxville, Tenn., July 28 - Rubis said it could raise up to €70 million through a two-year equity financing facility with Societe Generale.
The company said its board of management has signed an agreement with Societe Generale to sell up to 1,652,000 shares, or 5.5% of the current share capital.
The company may sell the shares in tranches of up to 200,000 shares at a price equal to the then-current share price, minus 5%.
Rubis is a Paris-based petroleum storage and distribution company.
| Issuer: | Rubis
|
| Issue: | Equity financing facility
|
| Amount: | €70 million
|
| Tenor: | Two years
|
| Price: | 5% discount
|
| Warrants: | No
|
| Underwriter: | Societe Generale
|
| Pricing date: | July 28
|
| Stock symbol: | Paris: RUI
|
| Stock price: | €41.31 at close July 28
|
| Market capitalization: | €1.16 billion
|
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