Recticel announces that it has entered into preliminary agreements with the owners of the private Polish company Gór-Stal Sp. z o.o. (“Gór-Stal”) to acquire Gór-Stal’s thermal polyisocyanurate-based (PIR) insulation board business.
In accordance with the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel (Euronext: REC) makes the following announcement:
In accordance with the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel (Euronext: REC) makes the following announcement:
Recticel announces that on 23 December 2020 its share capital has been increased following the exercise of (i) 13,500 warrants of the warrant plan issued on 23 June 2015 and (ii) 30,000 warrants of the warrant plan issued on 29 April 2016. This resulted in the issuance of 43,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 28 December 2020.
Recticel announces that on 30 November 2020 its share capital has been increased following the exercise of (i) 40,000 warrants of the warrant plan issued on 23 June 2015 and (ii) 69,000 warrants of the warrant plan issued on 29 April 2016. This resulted in the issuance of 109,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 02 December 2020.
Recticel announces that it has entered into final agreements with Swiss-listed Conzzeta AG (SIX:CON) to acquire 100% of FoamPartner in cash for an enterprise value of CHF 270 million, CHF 20 million of the price being payable in January 2022. This represents an 8.6x average 2019A-2020F normalized EBITDA multiple. The transaction is subject to customary conditions precedent including antitrust approvals.