Tom Tailor to raise nearly €13m through new shares
Tom Tailor has announced plans to carry out a capital increase, which will see the German clothing brand raising an estimated €12.8m by issuing 2.6m new shares at a price of €4.90 per share.
Participation in the placing will be limited to Fosun International Ltd and existing shareholders as the company aims to raise funds to cover costs related to its planned operational restructuring measures.
The placing should have completed by 12 December and as a result of the capital increase, the company’s share capital will rise from a little over €26m to €28.6m.
The new shares will be eligible for dividends from 1 January and are expected to be admitted to trading on the Regulated Market of Frankfurt Stock Exchange on 14 December this year, as well as on the Regulated Market of the Hamburg Stock Exchange.
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