SOURCE: Option

November 30, 2009 01:06 ET

Option announces rights issue

LEUVEN, BELGIUM--(Marketwire - November 30, 2009) -

Option today announces its intention to raise approximately EUR 20 million, by way of a public market transaction with non-statutory preferential rights to existing shareholders. It is expected that the subscription period will start on or about December 7th. The rights are expected to be tradable on Euronext Brussels. The detailed terms and conditions of the transaction will be announced in due time.

Jan Callewaert, both personally and through his wholly owned Pepper NV, represents 17.34 per cent of the company's issued share capital and has the intention to exercise all his rights and to subscribe to the capital increase.

The proceeds from the capital increase will be used to strengthen the company's capital structure, enable it to support the reorganization of its operations which is projected to cost EUR 7 million, and to continue the implementation of its new business strategy.

ING is acting as lead manager and bookrunner.

For the PDF version of the press release in English or in Dutch, please click on the link below:

Option announces rights issue:

Option kondigt rechten emissie aan:

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information

    JP Ziegler
    Gaston Geenslaan 14
    B-3001 Leuven, Belgium
    TEL: +32 (0) 16 31 74 11
    FAX: +32 (0) 16 31 74 90
    E-mail: Email Contact