(Visited 132 times, 1 visits today)

LAMDA development surpassed €650 m share capital increase target

The results from the increase in the share capital of LAMDA Development were impressive.

According to the announcement, the increase of the share capital by paying cash with preference to the old shareholders was successfully completed by raising funds of € 650.000.098.

More specifically, the Growth was covered by approximately 1.1 times as the demand from investors reached 105,737,572 shares. There were no unsold shares resulting in the final share capital increase of 100.00%.

The Company’s share capital increased by €29,104,482.00 with the issue of 97,014,940 new shares (nominal value of € 0.30 each). Thus, the Company’s share capital amounts to € 53.021.014.50 divided into 176.736.715 shares.

The new shares will be credited to the accounts of the beneficiaries and the commencement of trading on the ATHEX on a date that will be announced by the Company.

Original Source: Banks.com.gr

Adaptation/Translation: Kiki Athanasiadis