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