Final results of the capital increase

Manu Vandenbulcke, CEO, and Filip Audenaert, CFO

"We are pleased with the result of this rights issue and like to thank our existing and new shareholders for their support and trust. With this fourth capital raising since the IPO in 2015, TINC has raised in total circa EUR 500 million on Euronext Brussels. Once again we will use these extra funds to invest in future oriented infrastructure and shape our ambition to double the investment portfolio." – Manu Vandenbulcke, CEO TINC and Filip Audenaert, CFO TINC

Key points 

• On 4 June 2025, TINC launched a public offering to subscribe for a maximum of 12,121,212 New Shares in a share capital increase in cash with non-statutory Preferential Rights for a maximum amount of EUR 113,212,120.08
• The issue price was set at EUR 9.34 per New Share
• 3 non-statutory Preferential Rights granted its holders the right to subscribe for 1 New Share
• During the Rights Subscription Period, 75.56% of the New Shares (9,158,589 New Shares) were subscribed for by exercise of non-statutory Preferential Rights - During the Scrips Private Placement, 24.44% of the New Shares (2,962,623 New Shares) were subscribed for by exercise of Scrips
• Principal shareholder Infravest BV subscribed for a total of 4,204,891 New Shares by exercise of Preferential Rights and Scrips
• The Net Scrips Proceeds of the non-exercised non-statutory Preferential Rights (which were converted into Scrips), amount to EUR 0.15 per coupon no. 22
• Realisation of the capital increase, payment of the subscription price and delivery of the New Shares is expected 20 June 2025
• Delivery of the New Shares and admission to trading of the New Shares on Euronext Brussels is expected on 20 June 2025
• The trading of the Issuer's Shares will resume after publication of this press release