Grupo Supervielle S.A. Announces Exercise of Option to Purchase Additional Shares in Connection with Its Follow-on Equity Offering
Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV)
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm
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gruposupervielle.com/english/home/default.aspx
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Source: Business Wire
BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Grupo Supervielle S.A. (NYSE: SUPV) (Bolsas y Mercados Argentinos S.A.: SUPV) (“Grupo Supervielle”) announces that, on September 14, 2017, in connection with its previously announced global offering of Class B shares of Grupo Supervielle, BofA Merrill Lynch, as global coordinator and joint bookrunner, and Itaú BBA and J.P. Morgan, as joint bookrunners, have exercised their option to purchase, at the public offering price of US$4.00 per Class B share, or US$20.00 per American Depositary Share (“ADS”), an additional 14,582,730 Class B shares, which may be represented by ADSs at the option of the international underwriters. Each ADS represents five Class B shares. The purchase of additional Class B shares is expected to close on September 19, 2017. As a result of the exercise of such option, an additional 867,267 Class B shares will be sold to existing shareholders pursuant to
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