Kernel to issue five million new ordinary shares
2011-04-01 11:04:24
Kernel Holding S.A., the largest sunflower oil producer in Ukraine, has announced its intention to issue approximately five million new ordinary shares through an offering to institutional investors, the company said in a statement posted on the website of the Warsaw Stock Exchange.
"The company intends to use the proceeds of the offering principally to finance the company's growth strategy, including potential acquisitions," reads the statement.
The offering will be conducted through an accelerated bookbuild. It is anticipated that the issue price for the offering and the allocations to institutional investors will be announced on or around Friday, April 1, 2011.
ING Bank NV, London Branch and ING Securities S.A. will act as bookrunners in the offering.