Almere, 9 March 2010 - USG People N.V. ("USG People" or the "Company") announces that it has successfully raised EUR 86 million through an accelerated bookbuild offering (the "Offering") of 7,019,994 new ordinary shares (the "Shares") that was announced in the press release dated 8 March 2010. The Shares have been placed at a price of EUR 12.25 per Share.
Allocation of the Shares has taken place today on 9 March 2010. Settlement of the Shares is made subject to a number of customary conditions including, amongst others, absence of any material adverse change, no breach of warranties and the Shares being admitted to trading on Euronext Amsterdam by NYSE Euronext. Application will be made for listing and admission to trading of the Shares on Euronext Amsterdam by NYSE Euronext. Settlement, payment for and delivery of the Shares is expected to take place on 12 March 2010, at which date the newly issued Shares are expected to be admitted to listing on Euronext Amsterdam by NYSE Euronext.
ING and Rabo Securities acted as Joint Global Coordinators and Joint Bookrunners in the Offering. Fortis Bank Nederland acted as Joint Lead Manager in the Offering.