Andhrajamesbond
Kurra Bewarse Username: Andhrajamesbond
Post Number: 2063 Registered: 03-2004 Posted From: 68.93.142.53
Rating: N/A Votes: 0 | Posted on Friday, September 15, 2017 - 12:46 pm: | |
Grupo Supervielle SA Prices Follow-on Equity Offering BY Midnight Trader — 6:30 AM ET 09/13/2017 06:30 AM EDT, 09/13/2017 (MT Newswires) -- Grupo Supervielle S.A ( SUPV Loading... Loading... ) , together with controlling shareholder Julio Patricio Supervielle said Wednesday that they have priced a global offering of class B shares of Grupo Supervielle ( SUPV Loading... Loading... ). The global offering consisted of an international offering in the US and other countries outside of Argentina and a concurrent offering in Argentina. Simultaneously with the global offering, the company conducted a preemptive and accretion rights offering of class B shares to existing shareholders. In the aggregate, 70 million class B shares were offered by Grupo Supervielle ( SUPV Loading... Loading... ) and 33 million class B shares were offered by the selling shareholder, including the class B shares offered by the company in the rights offering. The global offering and rights offering priced at $4.00 per class B share, or $20.00 per ADS, for an aggregate offering size of $412 million. It said nearly 86.2 million class B shares, which may be represented by ADSs at the option of the international underwriters, were sold in the international offering. Each ADS represents five class B shares. Moreover, over 12.4 million class B shares were sold in the Argentine offering and nearly 4.4 million class B shares were subscribed pursuant to the rights offering. Grupo Supervielle ( SUPV Loading... Loading... ) has granted the international underwriters an option to purchase up to nearly 14.6 million additional class B shares. In the event that the international underwriters exercise such option in full, an additional 867,267 class B shares will be sold to existing shareholders pursuant to their exercise of preemptive and accretion rights. The global offering is expected to close on Sept. 15, 2017. SUPV was down 1.5% in pre-market trade. Price: 20.25, Change: -0.31, Percent Change: -1.51 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. |