(PRWEB) September 8, 2010
Walter Filler, Executive Chairman of Nexis Holdings Limited (NHN.F) today announced that he was pleased to advise that Nexis had entered into a Euro €140m Special Private Placement Agreement (SPPA) with Cayman based Equity Partners Fund SPC. This transaction was arranged by the Singapore-based FMS Group (http://www.fmspte.com) which, through its personnel and alliance partners, have a transaction record exceeding US$4.5 billion over the past 5 years.
CEO/President of Nexis, Rahoul Ray, stated that the funding agreement will, subject to compliance with the terms thereof, allow Nexis to use the placement proceeds for its corporate and working capital purposes, as well as investment and strategic acquisitions. Rahoul Ray advised that Nexis will be releasing a statement to the market shortly in relation to its planned use of these funds.
Essential terms of the placement include:
- Initial placement amount of Euro €140m;
- Ordinary stock (NHN.F) will be placed with Equity Partners Fund SPC at timing intervals nominated by Nexis;
- Unlisted warrants (on a 1:1 basis) shall be attached to each share placement and exercisable at 110% of the placement price; and
- Nexis nominates the timing and quantity of each placement, which shall be issued at a 10% discount to the prevailing market price.
About Nexis Holdings Limited
Nexis Holdings Limited (http://www.nexisholdings.com) was listed on the Frankfurt Stock Exchange (symbol “NHN.F”) in February 2009 and currently has approximately 1.6 billion shares on issue. The company’s share price has risen by over 300% in the past 12 months and over 700% since its listing. Market capitalisation of Nexis at 7 September 2010 is Euro €2.5billion.