Belgium: Saverex to Sell Exmar Shares

Saverex to Sell Exmar Shares

EXMAR saidi it has been informed that SAVEREX intends to sell existing shares of EXMAR for an amount of up to EUR 45 million through a private placement conducted by way of an accelerated bookbuilding.

SAVEREX is a private company, based in Antwerpen and controlled by Nicolas Saverys, CEO of EXMAR. SAVEREX is the reference shareholder of EXMAR since 2003 and owns currently 54,33 % of EXMAR. Following the announced sale, SAVEREX will remain the reference shareholder of EXMAR.

The proceeds of the sale will be used to reimburse the loan granted by SOFINA SA and to reimburse partially short-term loans granted by a.o. BNP Paribas Fortis and KBC Bank.

SAVEREX has agreed to a lock-up of 6 months.

The trading of the EXMAR NV shares on Euronext Brussels is temporarily suspended during the private placement, and will resume after the announcement of the results of the private placement.

BNP Paribas Fortis, KBC Securities and Petercam act as joint-bookrunners in connection with the private placement.

LNG World News Staff, November 25, 2013; Image: Exmar

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