Brief: Emova Group Launches 2.7 Million Euro Capital Increase

Emova SA

31/03/2020 09:57

March 31 (Reuters) - EMOVA GROUP SA  ALEMV.PA :
    * REPORTED ON MONDAY LAUNCHES CAPITAL INCREASE WITH
PREFERENTIAL
SUBSCRIPTION RIGHT FOR AN AMOUNT OF MAXIMUM EUR 2.7 MLN 
    * OVERALLOTMENT OPTION WITH POSSIBLE INCREASE TO EUR 3.1 MLN
    * TRADING PRICE IS EUR 0.90 PER NEW SHARE, REPRESENTING 2.2%
DISCOUNT FROM COMPANY'S SHARE PRICE AT CLOSE OF TRADING ON MARCH
30, 2020
    * TRADING PERIOD FROM THURSDAY, APRIL 9, 2020 TO FRIDAY,
APRIL 24,
2020 INCLUDED
    * TRADING PERIOD FOR THE PREFERENTIAL SUBSCRIPTION RIGHT
FROM
TUESDAY 7 APRIL 2020 TO WEDNESDAY 22 APRIL INCLUDED
    * UP TO 53.78% OF CAPITAL INCREASE TO CLEAN BALANCE SHEETS
BY
MEANS OF CAPITALISATION OF AN EQUIVALENT AMOUNT DRAWN FROM THE
SHAREHOLDER'S CURRENT ACCOUNT
    * CAPITAL INCREASE ALSO TO CONTRIBUTE MARGINALLY TO
FINANCING OF
THE 5-YEAR STRATEGIC PLAN
    * ON CORONAVIRUS: TO DATE, UNABLE TO CONFIRM OUTLOOK FOR THE
2019/2020 FINANCIAL YEAR 

    
 Source text: [https://bit.ly/2QXvkR8]
    
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