Eagle Filters’ entry was oversubscribed | Trade magazine

Filter manufacturer by Eagle Filters the directed share issue has been oversubscribed, the company announced on Monday after the stock market closed.

A maximum of 28,600,000 new shares were offered for subscription in the share offering. Since the share issue was oversubscribed, Eagle Filters’ board of directors decided to use the additional share lot according to the terms of the issue. The company will issue 37,719,909 new shares, provided that the subscriptions for the new shares are paid in accordance with the terms of the share issue.

The subscription price of each new share was EUR 0.07. Eagle Filters raised a total of 2.6 million euros in gross assets through the offering. A total of approximately EUR 1.6 million of the subscription prices was paid in cash and a total of EUR 1.0 million by offsetting receivables based on outstanding loans issued by Eagle Filters.

The shares to be issued in the share issue correspond to approximately 13.8 percent of all Eagle Filters shares after the issue.

In Ann, more than 20 million shares are allocated to private investors and more than 17 million shares to anchor investors and institutions. The subscriptions received in the public offering were accepted in full.