VGP NV announced the end of the stabilization period for its secondary public offering following the sale of a total of 5,086,559 shares and a partial exercise of the underwriters' overallotment option.
The company had granted underwriters an option to buy up to 678,685 additional shares at €56.00 apiece. With 561,990 overallotment shares sold, generating proceeds of €31.5 million, gross proceeds from the offering totaled €284.8 million, according to a release. The overallotment shares are slated for delivery Nov. 28.
The stabilization period ran from Oct. 26 to Nov. 24.
J.P. Morgan and KBC Securities acted as joint global coordinators and joint book runners for the offering, while underwriters Belfius and ING were co-lead manager and co-manager, respectively.
