Successful capital increase of €76.7m by TINC by means of a public offering

Tuesday, December 20, 2016 — TINC Comm. VA (The Infrastructure Company) is listed since May 2015 at Euronext Brussels and is the only stock-listed infrastructure company of the Benelux. The public offering to subscribe, which started December 1st and lasted till close of business December 14th was based on a ratio of 1 new share for 2 preferential rights, at a price of €11.25 per share. 85% of the non-statutory preferential rights were converted. December 15th, the successful private placement of all scrips took place. Both transactions enabled TINC to achieve 100% of the envisaged EUR 76,704,547 capital increase.

The proceeds of this capital increase have been earmarked by TINC for additional investments in its core assets. These include public-private infrastructure investments such as the A-11 motorway in Flanders, the A-15 motorway in the Netherlands, the Dutch Princess Beatrix lock as well as renewable energy including Meewaun Wind Farm Limited, an Irish on-shore wind farm.

Bank Degroof Petercam acted as joint bookrunner of the transaction.

For more information, please refer to the press releases issued by TINC.  

Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics at Bank Degroof Petercam