Underwritten Rights issue (DKK 81m) for Columbus IT Partner
ATRIUM Partners advised Columbus IT Partner
Underwritten Rights issue (DKK 81m) for Columbus IT Partner
Sector(s) : IT Software
Date : April 2005
Advisor(s) : Atrium Partners
Advised : Capital Increase
Mid-Capital partner ATRIUM Partners advised Columbus IT Partner
ATRIUM Partners acted as financial advisor to Columbus IT Partner in connection with a rights issue of DKK 80,6 million in April 2005. The shareholders had the right to subscribe for two new shares for every three existing shares for DKK 3 per share.
The rights issue was fully subscribed as only 0.6 percent of the offered shares had to be subscribed as a result of the underwriting from Consolidated Holdings. Simultaneously the free float was increased from 28 % to 35 % as the previous two largest shareholders decreased their ownership stakes.
Atrium Partners has, as Lead Manager on the rights issue, prepared and executed the issue, including communication, coordination and drafting of the prospectus.
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