Brief: Investimenti e Sviluppo confirms capital increase, convertible bonds and warrants issue

Bestbe Holding SpA

09/02/2016 06:59

Feb 9(Reuters) - Investimenti e Sviluppo SpA  IES.MI : 
    * Said on Monday that its board of directors confirmed 
decision to increase share capital by a maximum of 5.2 million 
euros ($5.82 million), premium included, via issuance of shares 
offered to existing shareholders  
    * Resolved additionally an issuance of up to 7.0 million 
euros  of convertible bonds, to be offered to shareholders, at a 
subscription price equal to nominal value of "IES convertible 
bonds 4% 2016-2021" 
    * Resolved on issuance of free warrants "Warrant 
Investimenti e Sviluppo SpA 2016- 2019", to be allocated to 
subscribers of the capital and convertible bonds issuance  
    * Resolved capital increase of up to 7.0 million euros to 
cover conversion of bonds and capital increase of up to 12.2 
million euros to cover exercise of warrants 
    * The amounts approved are uniform with previous resolution 
of the board from Nov. 27  urn:newsml:reuters.com:*:nL8N13P13S 
    * The change relates to convertible bonds - in order to 
simplify the financial instrument, the company removed the 
option of mandatory conversion of the bonds to shares by the 
company at the end of the exercise period; following the change, 
investors will have an option to chose to convert the bonds into 
shares or request return on investment 
 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA08330 
     
 Further company coverage:  IES.MI   
    
 
 
 
($1 = 0.8929 euros) 
 
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