PORR AG successfully concludes pre-placement of capital increase
- A total of 2,164,138 new shares were placed in the pre-placement
- The order book was more than 4 times subscribed at the subscription and offer price
- PORR AG determines subscription and offer price of new shares at EUR 45
- Gross proceeds of EUR 97.4 million raised in the pre-placement
In the late evening of April 9, 2014, PORR AG successfully concluded its pre-placement of 2,164,138 new shares (ISIN AT0000A17548) which commenced earlier the same evening. All of the new shares offered in the pre-placement were placed with selected European institutional investors outside the United States of America at a price of EUR 45 per new share, thereby raising gross proceeds of EUR 97.4 million. Due to the strong demand the pre-placement has been closed ahead of schedule. The order book was more than 4 times subscribed at the subscription and offer price.