Today Cox must announce the pricing of its shares. At the moment, it is still unknown in which part of the range the value of its securities will be located, but what has been announced is reducing the size of its OPS to 175 million. Previously, with the range provided (between 10.23 and 11.38 euros per share), the energy company expected to raise more than 200 million euros.
The company has reported, through a supplement published in the CNMV, that it is modifying the size of its offer and Now the company will offer between 15.4 and 17.1 million common shares (with which gross income is expected to reach 175 million euros) and up to 2.4 million ordinary shares “representing up to 15% of the Initial Offered Shares, solely to cover over-allotments of Shares in the Offer, if applicable, and short positions resulting from stabilization operations, if applicable,” they explain. In the previous offer, the group would place between 19.5 and 17.6 million ordinary titles.
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