CEO participates in placing
Leiden – Dutch OctoPlus N.V. has successfully completed an equity raising of EUR4m through a private placement of ordinary shares with new and existing investors, including a participation by its CEO elect, Jan Egberts. The private placement has allowed the Dutch firm to place 3.3 million new shares (about 10% of outstanding shares) with a range of domestic and international investors and qualified institutional investors in the United States at a price of EUR1.18 per share. That is a discount of less than 2% on the closing price before the offer was announced. The company intends to use these proceeds to retain upside by co-investing along with clients in selected high-value projects.