EQS-News: RENK Group AG and Triton initiate private placement
NOT FOR DISTRIBUTION OR ANNOUNCEMENT, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR ANNOUNCEMENT WOULD BE UNLAWFUL
- NOT FOR DISTRIBUTION OR ANNOUNCEMENT, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR ANNOUNCEMENT WOULD BE UNLAWFUL
RENK Group AG and Triton initiate private placement of RENK Group AG shares and aim for listing on February 7, 2024
Private placement of RENK Group AG shares held by the selling shareholder Rebecca BidCo S.à r.l. - Following the listing, Triton will continue to hold the majority of the shares of RENK Group AG.
- Assuming full exercise of the greenshoe option, free float amounts to up to 30%, creating a liquid market for shares of the RENK Group AG.
- The investment of KNDS into the RENK Group AG will further support the strategic international growth of RENK, strengthening its market position.