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BRIEF-Tom Tailor expects to generate proceeds of approx. EUR 12.8 mln from capital increase
December 9, 2016 / 8:28 AM / 9 months ago

BRIEF-Tom Tailor expects to generate proceeds of approx. EUR 12.8 mln from capital increase

Dec 9 (Reuters) - Tom Tailor :

* Tom Tailor Holding AG expects to generate proceeds of approximately 12.8 million euros ($13.58 million)from successful capital increase

* New shares have been placed to Fosun International Ltd. and institutional investors in a private placement as part of an accelerated bookbuilding at an issue price of 4.90 euros per share

* Intends to use proceeds generated from capital increase to support ongoing restructuring projects Source text for Eikon: Further company coverage: ($1 = 0.9423 euros) (Gdynia Newsroom)

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