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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Koninklijke KPN NV | EU:KPN | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.028 | 0.75% | 3.785 | 3.784 | 3.786 | 3.788 | 3.743 | 3.771 | 3,560,870 | 13:15:47 |
AMSTERDAM--Dutch telecom company Royal KPN NV (KPN.AE) said Thursday its planned EUR3 billion rights issue will be two new shares for each existing share. The new shares will be priced at EUR1.06 per share, meaning a 35.1% discount to the theoretical ex-rights price based on the closing price of April 24, which was EUR2.78.
MAIN FACTS:
- KPN sets 2 for 1 rights issue of 2,838,732,182 new ordinary shares at an issue price of EUR 1.06 for each ordinary share.
- America Movil (AMX) has committed to subscribe for the rights pro rata to its current 29.77% shareholding in KPN.
- The record date for the offering is set at 25 April 2013 at 5.40 pm CET.
- The exercise period runs from 9.00 am CET on 26 April 2013 until 3.00 pm CET on 14 May 2013.
- The rump offering, if any, is expected to take place on 15 May 2013.
- The offering is fully underwritten by a syndicate of banks led by Deutsche Bank, Goldman Sachs International and J.P. Morgan acting as Joint Global Coordinators and Joint Bookrunners.
- ABN Amro, ING and Rabobank International are acting as Joint Bookrunners; Barclays, BofA Merrill Lynch, Citigroup and UBS Investment Bank are acting as Co-Bookrunners and BNP Paribas, Credit Suisse, Societe Generale and UniCredit as Co-Lead Managers.
- Rothschild is acting as financial adviser to the Company.
- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com
1 Year Koninklijke KPN NV Chart |
1 Month Koninklijke KPN NV Chart |
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