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Rainbow Tours SAElephant Rock Fundacja Rodzinna launches ABB for sale of up to 452,200 Rainbow Tours shares
Elephant Rock Fundacja Rodzinna is starting an accelerated book-building process for the sale of up to 452,200 Rainbow Tours shares, representing no more than 3.1 percent of the share capital and representing no more than approx. 2.5 percent of the total number of votes, Erste Securities said in a statement.
The final number of shares offered for sale and the sale price of the shares will be determined and announced after the completion of the accelerated book-building process.
As stated, it is the intention of the seller to remain a significant investor in the company and continue to support the company in its development.
Upon completion of the placement and assuming the sale of all the offered shares, the shareholder will hold 700,000 registered preference shares representing approximately 4.8 percent of the share capital and approximately 7.6 percent of the total number of votes in the company.
Erste Securities Polska is acting as sole bookrunner.
The shareholder has undertaken to Erste Securities Polska to observe the restriction of the transferability of the remaining shares held in the period from the determination of the sale price of the sold shares to the expiry of 180 days from the date of settlement of the share sale transaction (lock-up obligation), subject to standard exclusions.
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