TINC Completes First Phase of Public Offering with 75.56% Subscription

TINC NV, a Belgian investment firm, has successfully completed the initial phase of its public offering, achieving a 75.56% subscription rate. This offering aimed to raise a maximum of EUR 113.21 million by issuing up to 12,121,212 new shares. At an issue price of EUR 9.34 per share, 9,158,589 shares were already subscribed through the exercise of non-statutory preferential rights.

The unsold preferential rights, totaling 8,887,869, will now be offered as Scrips in a private placement to qualified investors. The result of this Scrips Private Placement, along with the final capital increase results, will be announced later today.

The trading of TINC shares on Euronext Brussels was suspended until the publication of these final results. Settlement of the new shares is anticipated for June 20, 2025.