(Boursier.com) — The company MRM announced the launch of a capital increase with maintenance of shareholders’ preferential subscription rights for a maximum amount of approximately €29 million, by issuing a maximum number of 591,457 new ordinary shares at a unit subscription price of 48, 92 euros, on the basis of 50 new ordinary shares for 221 existing shares.
This capital increase with DPS is part of the acquisition from Altarea of two shopping centers located in Flins-sur-Seine and Ollioules, by way of disposals and contributions in kind, for a total amount of 90 .4 million euros (including duties).
Each shareholder will receive one PSR per share recorded in their securities account on November 21, 2022 after the close of trading. The existing shares will be negotiated ex-right from November 22, 2022. 50 DPS will give the right to subscribe, on an irreducible basis, to 221 New Shares at a subscription price per New Share of 48.92 euros.
Reducible subscription requests are accepted but remain subject to reduction in the event of oversubscription. Only New Shares possibly not absorbed by subscriptions on an irreducible basis will be distributed and allocated to subscribers on a reducible basis. Subscription orders on a reducible basis will be served within the limit of their requests and in proportion to the number of existing shares whose rights have been used in support of their subscription on an irreducible basis.
Based on current prices well below the subscription price, the theoretical value of the PSR is considered to be nil.
The DPS trading period will run from November 22, 2022 to November 28, 2022 (inclusive). It will no longer be possible to buy or sell PSRs after the close of trading on November 28, 2022. The subscription period for New Shares will run from November 24, 2022 to November 30, 2022 (inclusive). Settlement-delivery and admission to trading of the New Shares are scheduled for December 7, 2022 according to the indicative timetable.
Subscription commitments received from the parent company score and Altarea are already covering the entirety of this capital increase.
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