IMCD N.V. LAUNCHES A CAPITAL RAISE OF EUR 300 MILLION TO INCREASE FINANCIAL FLEXIBILITY
12 November 2024 - 5:46PM
UK Regulatory
IMCD N.V. LAUNCHES A CAPITAL RAISE OF EUR 300 MILLION TO INCREASE
FINANCIAL FLEXIBILITY
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN
WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY
OTHER JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
ROTTERDAM, The Netherlands (12 November 2024, 17:45
CET) – IMCD N.V. (“IMCD” or “Company”) announces its
intention to raise approximately EUR 300 million of gross proceeds
through an accelerated bookbuilding offering of new ordinary shares
(the “New Shares”) in the share capital of the Company (the
“Capital Raise”). The EUR 300 million Capital Raise will result in
pro-forma leverage of 2.3. The pro-forma leverage is based on the
adjusted leverage ratio as of 30 September 2024, reported in the
Company's press release of 8 November 2024.
• The new shares to be issued represent c. 3.5% of IMCD N.V.’s
issued share capital and shall be issued under the existing
shareholder authorization granted at the Company’s 2024 AGM
• The Capital Raise will be a primary accelerated bookbuild
offering
• This Capital Raise will provide IMCD increased financial
flexibility as well as further strengthen its balance sheet
The Capital Raise will comprise: the issuance of New Shares for
approximately EUR 300 million, representing approximately 3.5% of
the total issued share capital, which will be offered through an
accelerated bookbuilding process to institutional investors (the
“Placing”). The New Shares will be issued on a non-pre-emptive
basis under the existing mandate by the Company’s shareholders
provided at the most recent AGM on 14 May 2024. The Placing is
being made outside the United States, exclusively to institutional
investors in the European Economic Area or the United Kingdom and
to certain institutional investors in other jurisdictions, and in
the United States in transactions pursuant to an exemption from, or
in transactions not subject to, the registration requirements of
the U.S. Securities Act of 1933, as amended (the “Securities Act”)
to qualified institutional buyers (as defined in Rule 144A under
the Securities Act).
No prospectus will be published in connection with the
Placing.
Attached, the full press release in PDF format.
- Press release_IMCD N.V. capital raise
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