Jones Day advised Joh. Berenberg, Gossler & Co. KG.
Immobel SA/NV has successfully completed the private placement of 800,000 treasury shares, representing c. 8% of Immobel’s share capital. The treasury shares have been placed at a price of €65.00 per share, resulting in gross proceeds for the Company of €52 million, which will be used to accelerate its investment strategy and finance additional projects already identified in Belgium, France and Luxembourg.
The placed treasury shares will be fully entitled to the dividend for the 2019 financial year (expected to be €2.66 per share) to be approved by the General Meeting on 28 May 2020 and paid on 4 June 2020.
Joh. Berenberg, Gossler & Co.KG acted as Sole Global Coordinator and Sole Bookrunner in the private placement.
Jones Day team was led by Matthieu Duplat (Picture).
Involved fees earner: Matthieu Duplat – Jones Day;
Law Firms: Jones Day;