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CRL Carel Industries SpA News Story

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Brief: Italy's Watchdog Approves Carel Industries' Prospectus Of Rights Issue

Nov 16 (Reuters) - Carel Industries SpA  CRLI.MI :
    * SAID ON WEDNESDAY ITALY'S WATCHDOG CONSOB HAD APPROVED
PROSPECTUS DOC RELATING TO RIGHTS ISSUE FOR UP TO EUR 200 MLN 
    * SHARE CAPITAL INCREASE IS NOT EXPECTED BE CONSIDERED AS A
HIGHLY
DILUTIVE RIGHTS ISSUES
    * SUBSCRIPTION PERIOD RUNS FROM NOV. 20 TO DEC. 4
    * SHAREHOLDERS LUIGI ROSSI LUCIANI, ATHENA FH HAD UNDERTAKEN
TO
SUBSCRIBE PORTION OF SHARE CAPITAL INCREASE TO WHICH THEY ARE
ENTITLED FOR ABOUT EUR 50 MLN

        
 
 Further company coverage:  CRLI.MI  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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