d’Amico Gets USD 48 Million from Equity Issue

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d’Amico International Shipping (DIS) revealed that around 97.3 percent of its preferential subscription rights were exercised. Specifically, the company collected EUR 42.8 million (USD 48.3 million) of net proceeds through the transaction.

During the preferential subscription rights’ exercise period, which started on March 25, 2019 and ended on April 16, 2019, around 628.39 million preferential subscription rights were exercised, according to d’Amico.

Given the ratio of 10 new shares for 11 preferential subscription rights, the company said it would issue 571.26 million of new shares, which will trade on the Mercato Telematico Azionario.

Additionally, any remaining shares not exercised during the period are to be placed through a private placement ending on May 17, 2019.

 

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