DENMARK: Carlsberg completes rights issue
Carlsberg A/S has said that it has completed its fully subscribed rights issue, which has generated net proceeds of around DKK30bn (US$6.2bn) for the company.
Jørgen Buhl Rasmussen, president and CEO of Carlsberg, said: "The completion of our rights issue is a key milestone for Carlsberg. It is highly satisfying that we in a difficult market have succeeded in completing a fully subscribed rights issue with proceeds of DKK 30.1bn. It is also notable that long term investors from all over the world - institutional as well as private - have been keen to participate in this rights issue, the biggest one ever in Denmark.
"This demonstrates that investors not only have confidence in the future Carlsberg after the S&N-transaction, they also want to be together with us in the transformation of Carlsberg into the world's fastest growing global brewer."
The offering of new B shares made by Carlsberg A/S with pre-emptive rights in favour of its existing shareholders was successfully completed yesterday (12 June).
The rights issue resulted in a full subscription of 76,278,403 new offered shares, with a nominal value of DKK 20 each.
A statement said that on behalf of the underwriters, Danske Markets (a division of Danske Bank A/S) has informed the Carlsberg that they have not taken any stabilisation measures with respect to subscription rights in connection with the rights issue in Carlsberg.
The new B shares were subscribed at a price of DKK 400 per share, resulting in gross proceeds from the offering of DKK 30.5bn for Carlsberg, corresponding to net proceeds of approximately DKK 30.1bn after deduction of offering-related costs.
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