Following today’s close of the exercise period of the Rights Issue (as defined below), Fugro N.V. (“Fugro” or the “Company”) announces the following:

85,184,319 Offer Certificates were subscribed for through the exercise of Rights in the Rights Offering, which, together with the subscriptions for 242,407 Offer Shares[1] in the Share Subscription Offering[2], represents a take-up of 91.9% in the Rights Issue.
The Rump Offering of 7,533,993 remaining Rump Certificates will commence today after close of business, 17:40 CET.
Fugro announces that, in connection with its Rights Issue (as defined below), it received subscriptions for 85,184,319 Offer Certificates (as defined below) through the valid exercise of Rights (as defined below) by eligible holders of such Rights. In combination with the subscriptions for 242,407 Offer Shares received in the Share Subscription Offering, this represents a take-up of 91.9% in the Rights Issue. The exercise period for the Rights (the “Exercise Period”) ended today, 10 December 2020, at 10:00 CET (and 12:00 CET for financial intermediaries).


Transferrable subscription rights (“Rights”) to subscribe for up to 92,960,719 new certificates (the “Offer Certificates”) representing ordinary shares in the capital of the Company (the “Ordinary Shares”) were offered in the rights offering (the “Rights Offering”), which, in combination with the Share Subscription Offering, is referred to as the “Rights Issue”.


Rump Offering
Today, 7,533,993 certificates representing Ordinary Shares consisting of (i) Offer Certificates that were issuable upon the exercise of Rights but that were not validly subscribed for during the Exercise Period, (ii) certificates representing Offer Shares not validly subscribed for during the Share Subscription Offering and (iii) certificates representing Offer Shares that Registered Shareholders could have subscribed for had they not been excluded from the Share Subscription Offering, together, the "Rump Certificates", will be offered for sale (the “Rump Offering”) by the Joint Global Coordinators (as defined below) on behalf of the Underwriters (as defined below) by way of private placements to institutional investors in the Netherlands and certain other eligible jurisdictions at a price at least equal to the issue price of EUR 2.12 (the “Issue Price”) for the Rights Issue, in accordance with the terms and conditions set out in an underwriting agreement between Fugro and the Underwriters (as defined below) dated 1 December 2020 (the “Underwriting Agreement”) and as set out in the prospectus for the Rights Offering dated 1 December 2020 (the “Prospectus”).


20201210 Fugro press release - Fugro announces a take-up of 91.9% in its rights issue and launch of the rump offering.pdf
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