(News Bulletin 247) – Siemens Energy has successfully placed 72,664,519 new shares with institutional investors through an accelerated bookbuilding offering excluding shareholder subscription rights.
The shares were placed at a placement price of €17.32 per share, generating gross proceeds of €1.259 billion before deduction of fees and expenses. Thus, the share capital of Siemens Energy will increase by 10% to reach 799,309,712 E.
The new shares will be issued from the authorized capital with cancellation of the shareholders’ subscription right and will carry full enjoyment from October 1, 2022.
“The successful placement of new shares is an important step in the refinancing of our cash tender offer for Siemens Gamesa and supports our strong investment grade credit rating,” said Maria Ferraro, Chief Financial Officer of Siemens Energy.
The admission of the new shares to trading on the Frankfurt Stock Exchange is expected to take place on March 21, 2023. Trading is expected to begin on March 23, 2023. It is intended to include the new shares in the existing listings of the company’s shares ‘, she says. Delivery of the new shares is scheduled for March 23, 2023.
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