Brief: Agilysys Announces $35 Mln Convertible Preferred Investment By Mak Capital

Agilysys

11/05/2020 14:28

May 11 (Reuters) - Agilysys Inc  AGYS.O :
    * AGILYSYS ANNOUNCES $35 MILLION CONVERTIBLE PREFERRED
INVESTMENT
BY MAK CAPITAL
    * AGILYSYS INC - MAK CAPITAL WILL PURCHASE $35 MILLION OF
CONVERTIBLE PREFERRED STOCK THAT CARRIES A 5.25% DIVIDEND
    * AGILYSYS INC - MAK'S PREFERRED STOCK CAN BE CONVERTED INTO
COMMON SHARES AT $20.1676 PER SHARE
    * AGILYSYS - ON AS-CONVERTED BASIS, MAK CAPITAL WILL NOW OWN
ABOUT
16.28% OF PRO FORMA COMMON SHARES OUTSTANDING

Source text for Eikon:  ID:nBwsDQ5Ka 
Further company coverage:  AGYS.O 

 ((Reuters.Briefs@thomsonreuters.com;))