Transics, one of the prominent European players in the field of on-board computers and fleet management solutions for the transport and logistics sector and ‘Promising Enterprise of the Year 2006’, is closing its public offering early. This offering, excluding the over-allotment option, amounted to a maximum of 40 million euro consisting of a capital increase of a maximum of 26 million euro through new shares with VVPR strips and the sale of existing shares up to a maximum of 14 million euro.
In view of the fact that the number of share applications from both retail and institutional investors since the offering opened on Monday 4 June 2007 has far exceeded the number of shares offered, the subscription period will be closed early on 11 June 2007 at 5.30 p.m. CET.
The subscription price, the results of the offering and the allocation key for retail investors will be announced in a press release on 12 June 2007 and will be published in the Belgian financial press on 13 June 2007. The payment date is set at Friday 15 June 2007.
Transics will be listed under the symbol ‘TRAN’ on Eurolist by Euronext Brussels as from 13 June 2007 and the VVPR strips will be listed under the Euronext symbol ‘TRANS’.
Transics NV develops and commercialises fleet management systems (on-board computers, software and services) for the transport and logistics sector. With more than 35,000 installed on-board computers, Transics is one of the leading European players in its sector. As well as the head office in Ieper (Belgium) and branches in the Netherlands, France, Germany and Spain, Transics is active in Scandinavia and is continually expanding its European organization. In 2006 Transics expanded for the first time in the direction of Eastern Europe with an agency in Poland and the Czech Republic. At the start of 2007 Transics realised the takeover of sector colleague DIS with which it completes its product range. DIS specializes in the development and commercialisation of innovative IT solutions for driving time registration on the basis of tachographs.