Successful second placement of NIBC shares

J.C. Flowers & Co (“JCF”) has just announced the sale of 11.7 million existing ordinary shares in NIBC Holding NV (NIBC). This corresponds to approx. 8% of NIBC’s outstanding share capital. The shares were sold at EUR 8.40 per share. Settlement of the transaction is expected to occur on 8 March 2019.

Reggeborgh Invest B.V. (“Reggeborgh”) has participated for a number of shares equal to approx. 1.2% of NIBC’s share capital. In addition, Reggeborgh has agreed to purchase a further stake of 5% from JCF. Closing of this subsequent transaction is subject to receipt of the relevant regulatory approvals.

JCF will be subject to a lock-up commitment on their remaining NIBC shares for a period of 90 days.
NIBC will not receive any proceeds from the transaction.

Paulus de Wilt, CEO NIBC:
"We are very pleased with the decision of JCF to place a second tranche of NIBC shares with institutional investors, thereby increasing the liquidity of our shares. In addition we are proud of the continued commitment of Reggeborgh as the cornerstone investor.”