Brief: Alba Agrees Share Capital Increase Of Up To 1.2 Mln Euros To Implement Flexible Dividend

Corporacion Financiera Alba SA

20/06/2023 06:33

June 20 (Reuters) - Corporacion Financiera Alba SA
 ALB.MC :
    * SAID ON MONDAY HAS AGREED TO IMPLEMENT CAPITAL INCREASE
CHARGED
TO RESERVES TO IMPLEMENT FLEXIBLE SHAREHOLDER REMUNERATION
MECHANISM OR "FLEXIBLE DIVIDEND"
    * MAXIMUM NUMBER OF NEW SHARES TO BE ISSUED HAS BEEN SET AT
1.2
MILLION, BEING MAXIMUM NOMINAL AMOUNT OF CAPITAL INCREASE 1.2
MILLION EUROS
    * PRICE AT WHICH ALBA HAS UNDERTAKEN TO PURCHASE
FREE-OF-CHARGE
ALLOCATION RIGHTS HAS BEEN SET AT A GROSS AMOUNT OF 0.961 EUROS
FOR EACH RIGHT
    * NUMBER OF FREE ALLOTMENT RIGHTS TO RECEIVE ONE NEW SHARE
WILL BE
50
    * JULY 7: PAYMENT OF CASH TO THOSE SHAREHOLDERS WHO HAVE
REQUESTED
REMUNERATION IN CASH UNDER PURCHASE COMMITMENT
    * JULY 11: WAIVER BY ALBA OF FREE ALLOTMENT RIGHTS HELD BY
IT AT
END OF TRADING PERIOD AND CLOSING OF EXECUTION OF CAPITAL
INCREASE

        
 Source text: https://tinyurl.com/y5c2wwk7  urn:newsml:reuters.com:*:nL8N3760ZP
 Further company coverage:  ALB.MC 

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