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Prysmian Announces Around 5.0% Sale Of YOFC Outstanding Equity Total Share Capital

ReutersSep 1, 2025 10:06 AM
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- Prysmian SpA PRY.MI:

  • ANNOUNCES SALE OF 37,595,255 H SHARES OF YOFC, REPRESENTING AROUND 5.0% OF YOFC'S OUTSTANDING EQUITY TOTAL SHARE CAPITAL

  • GROSS CONSIDERATION TO DRAKA FROM PLACEMENT AMOUNTS TO AROUND HK$ 1.7 BILLION (AROUND EUR 186 MILLION)

  • SALE AT PRICE OF HK$ 45.25 PER SHARE

  • AFTER PLACEMENT UNIT DRAKA, WHICH HOLDS AROUND 10.0% OF COMPANY'S TOTAL SHARE CAPITAL, WILL REDUCE ITS STAKE TO AROUND 5.0% IN COMPANY'S TOTAL SHARE CAPITAL

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