Brief: Cognor Holding plans to issue shares to refinance debt
30/03/2017 11:29
March 30(Reuters) - Cognor Holding SA COGP.WA :
* Reported on Wednesday that it plans to issue new shares in
the public offering and to grant shareholders the pre-emptive
right to acquire shares
* The proceeds from the issue of the new shares, together
with the funds that the company intends to get under future bank
financing, will be used to repay all the debt resulting from the
issuance of bonds
* Managemend board decided to include Odlewnia Metali
Szopienice sp. z o.o., currently under the control of the
company's controlling shareholder PS Holdco sp. z o.o., in the
capital group of the company
* Says that if the company does not obtain bank financing,
it will not carry out the public offering and refinancing the
bonds and will not incorporate Odlewnia Metali Szopienice into
the capital group
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Further company coverage: COGP.WA
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