COIL World leader for aluminium anodising
Brussels, March 14th, 2016 - 5:45 pm - COIL, the world leader for continuous aluminium anodising, is announcing that it has placed a second tranche of the reserved capital increase with United Anodisers (Batch) Limited.
Following the announcement made on February 25th, United Anodisers (Batch) Limited has just subscribed for a second tranche of the reserved capital increase for €1,175,000 on March 14th, 2016, with 146,746 new COIL shares created. A further two identical tranches are scheduled for March 16th and 22nd, 2016.
For each tranche, the subscription price for new shares has been set at €8.007 per share, with a premium of around 47% versus the weighted average price based on the volumes recorded since January 1st, 2016.
COIL sets the standard globally for continuous anodised aluminium on quality and dimensional capacity, with a dominant market position worldwide. Anodising is an electrochemical process - electrolysis - that develops a natural and protective exterior layer on aluminium that can be coloured, providing exceptional corrosion protection and/or increased functionality for the metal. Anodising preserves all the natural and ecological properties of aluminium - it retains its high strength-to-weight ratio, non-magnetic properties and exceptional corrosion resistance without any impact on the total and repeated recyclability of the metal. Anodised aluminium is used across a wide range of architectural, designer, industrial and automotive applications. | Alternext ISIN: BE0160342011 - ALCOI Reuters: ALCOI.PA Bloomberg: ALCOI:FP www.coil.be COIL Tim Hutton Chief Executive Officer tim.hutton@coil.be Tel: +32 (0)11 88 01 88 CALYPTUS Cyril Combe cyril.combe@calyptus.net Tel: +33 (0)1 53 65 68 68 |
Coil SA issued this content on 25 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 March 2016 16:57:13 UTC
Original Document: http://pdf.coil.be/press_room/20160314_CAPITAL_OPERATIONS_EN.pdf
