On March 23, 2005, Heijmans placed 1.635 million certificates of ordinary shares with domestic and international institutional investors at an issue price of ⬠29.25 per certificate of ordinary share.
The proceeds of the transaction are intended to be used to finance the cancellation of 5,555,556 cumulative financing preference shares A, which will happen no later than January 1, 2006 (dividend reset date). In addition, the strengthening of the shareholders' equity is important for the realisation of the future growth of Heijmans.The share issue has been arranged by ING Corporate Finance.
Source: Heijmans
