Profil:
CCC SACCC footwear starts book-building process for up to 10 mln series N shares
CCC footwear starts book-building for a private placement offering of up to 10 mln series N shares, the company wrote in a market filing.
The offer is being conducted on the terms and conditions set out in the EGM resolution and the management board resolution of March 17, 2025.
The primary objective of the issue of new CCC shares is to raise funds to pay the cash portion of the price for the buyout of Modivo shares from minority shareholders.
CCC's intention is that the number of shares in the new issue will be limited so as to raise an amount of approximately PLN 1.36 billion (EUR 325.6 mln).
CCC stated, however, that in the case of high demand, the company's management board may decide to issue an additional 1 million new issue shares, this is up to 10 million new issue shares in total, in order to allocate the surplus funds for the implementation of the strategic directions of the CCC group's development.
As stated in the market filing, the book-building process is scheduled to be completed on March 18, 2025 at 17:30 Polish time. Share subscription agreements are planned to be concluded by March 27, 2025.
doa/ han/