Midi will not remain a shareholder in Tigne Mall plc after institutional investors and Midi shareholders took up all the available shares in the pre-placement stage.
The combined offering consisted of a pre-placement of 42.4 million ordinary shares (equivalent to €21.2 million) and an offer to the public of 14 million ordinary shares (equivalent to €7 million).
A public offer opens on Monday and closes on Friday. BOV is acting as underwriter to the public offer.