The selling price of the shares issued by Blue Cedar in the context of the public offering will range in the range of 2.18 – 2.45 euros, as the company announced in a relevant announcement.
According to the listed company, the final offering price of the New Shares (hereinafter “Offering Price”) will be determined by the Coordinator Principal Contractor, in accordance with Article 17 of Regulation (EU) 2017/1129.
Simultaneously with the determination of the Offering Price, the final distribution of the New Shares will be decided. In any case, the Sale Price will be determined within the above mentioned binding price range.
Pursuant to Article 17 of Regulation (EU) 2017/1129, the Coordinator Principal Contractor and the Issuer set the maximum price at € 2.45 for each of the New Shares.
During the period preceding the HBIP process, the Coordinator Principal Contractor received indicative bids from a sufficient number of Special Investors to determine, according to professional criteria, the price range that best meets market demand conditions.
The Offering Price will be determined based on the offers submitted by the Special Investors through the HVIP Service. This bidding process will be followed for the part of the Public Offer that concerns the Special Investors and will be carried out simultaneously with the registrations of the Private Investors.
The Offering Price will be common for all investors, Specialists and Individuals, who will participate in the offering of New Shares with Public Offering.
The total amount of the Public Offer will amount to a maximum of € 17,640,000 based on its maximum price as above. In any case, the Offering Price will be determined within the aforementioned binding price range and will be notified to the Hellenic Capital Market Commission and will be published, in accordance with paragraph 2 of Article 21 of Regulation (EU) 2017/1129, as in force, on 08.06.2022 .
Procedure for offering and distributing shares
Interested Private Investors submit the registration applications to the Coordinator Principal Contractor, as well as to the members of H.B.P. and the Participants of their account in DSS. collaborating with H.I.P. Members for the submission of registration applications through the H.B.P. Service. The Special Investors submit the registration applications directly to the Coordinator Principal Contractor.
The Public Offer and the keeping of the Offer Book will last three (3) working days. The Coordinator of the HBIP process, according to the provisions of decision 34 of the ATHEX Stock Market Governing Committee, as in force (the HBIP Decision), has been appointed the Main Contractor Coordinator.
In particular, the Public Offer will start on Monday 06.06.2022 and Greek time 10:00 am. and will be completed on Wednesday 08.06.2022 and Greek time 16:00 p.m. The H.B.P. will remain open, during the Public Offering, from 10:00 a.m. until 17:00 pm, except Wednesday 08.06.2022 which will end at 16:00 pm.
Timetable
The expected schedule of offering the New Shares with Public Offering is the following:
See the company’s invitation to the investing public in the right column “Related Archives”.
Source: Capital
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