Reig Jofre informs on the result of the increase of the share capital

Reig Jofre informs that at the end of the placement period through the procedure of prospecting the demand and private placement among qualified investors, 10,000,000 new ordinary shares have been subscribed for a total cash amount of euros 24,000,000 at an issue price of euros 2.40 per share, corresponding to euros 0.50 at par value and euros 1.90 to issue premium.

On June 13, 2019, the capital increase deed has been made public. It is expected that the delivery of the new shares to the investors qualified by Banco Sabadell, in its capacity as agent, will take place on June 18, 2019 and that the new shares begin trading on June 19, 2019.

The capital increase allowed the entry into the shareholding, among others, to family offices such as Onchena, whose long-term investment philosophy seeks to accompany solid business projects in specific sectors; as well as to institutional investors such as the Swiss investment fund Quaero Capital SA specialized in European small and medium capitalization companies. The rest of the investors that signed up for the increase have been mainly relevant fund managers in the Spanish market.

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