Brief: Atari Completes Capital Increase Of 3.26 Million Euros

Atari SA

17/03/2020 07:10

March 17 (Reuters) - ATARI SA  ATAR.PA :
    * COMPLETION OF CAPITAL INCREASE WITH PREFERENTIAL
SUBSCRIPTION
RIGHTS: 3.26MEUR RAISED
    * SUBSCRIPTION PRICE PER NEW SHARE: 0.28 EUROS
    * CAPITAL INCREASE IS PART OF THE GROWTH STRATEGY OF THE
GROUP AND
ITS OBJECTIVE IS TO FINANCE THE LAUNCH OF NEW GAMES AND AT THE
SAME TIME IT WILL ALLOW TO STRENGTHEN THE MARKETING BUDGET
ALLOCATED TO THE ATARI VCS
    * GROSS AMOUNT OF TRANSACTION IS 3.26MEUR , OF WHICH
2.28MEUR
THROUGH OFFSETTING OF RECEIVABLES, RESULTING IN CREATION OF
11,665,590 NEW SHARES AT A PRICE OF 0.28EUR PER SHARE
    * SHARE CAPITAL OF COMPANY POST CAPITAL INCREASE AMOUNTS TO
2,677,820.50 EUR , DIVIDED IN 267,782,050 SHARES WITH A NOMINAL
VALUE OF 0.01 EUR EACH
    * ALL SUBSCRIPTIONS, ON AN IRREDUCIBLE AND REDUCIBLE BASIS,
HAVE
BEEN FILLED
    * SETTLEMENT OF CAPITAL INCREASE AND ADMISSION TO TRADING OF
NEW
SHARES ON EURONEXT COMPARTMENT C IN PARIS IS EXPECTED ON MARCH
19, 2020

Source text for Eikon:  ID:nGNE330Blb 
Further company coverage:  ATAR.PA 

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