Strong institutional support for Tigne Mall PLC share offer

Institutional Investors, together with shareholders in Midi, have shown a strong response at the pre-placement stage of the share offer in Tigne Mall plc.

12 April 2013, 12:00am

1 min read

The Combined Offering consisted of a pre-placement of 42.4 million ordinary shares (equivalent to €21.2 million) and an offer to the general public of 14 million ordinary shares (equivalent to €7 million).

The pre-placement phase closed earlier today and has been over-subscribed. The volume of shares taken up on the pre-placement means that all shares on sale by Midi have been taken up, and Midi will no longer remain a shareholder in Tigne Mall plc.

Next week sees the opening of the Public Offer. Subscriptions open on Monday 15^th and close on Friday 19^th April 2013. BOV is acting as underwriter to the Public Offer.