Brief: Enertronica Issues 2018-2022 Business Plan, To Execute 10 Mln Euro Cash Call

Enertronica Santerno SpA

24/05/2018 07:17

May 24 (Reuters) - ENERTRONICA SPA  ENER.MI :
    * SAID ON WEDNESDAY THAT BOARD HAD APPROVED 2018-2022
BUSINESS
PLAN AND RESOLVED TO EXECUTE CAPITAL INCREASE
    * TARGETS INCREASE IN TURNOVER IN 2018-2022 PERIOD OF 18 PCT
PER
YEAR VS ADJUSTED PRO-FORMA 2017 TURNOVER
    * EXPECTS EBTDA IN 2018-2022 PERIOD TO GROW AT AVERAGE RATE
OF 8
PCT PER YEAR
    * BOARD HAS RESOLVED TO EXERCISE POWERS WHICH WERE GRANTED
BY
SHAREHOLDERS IN APRIL TO EXECUTE CAPITAL INCREASE OF UP TO EUR
10 MLN
    * CASH CALL WILL BE SPLIT INTO RIGHTS ISSUE OF UP TO EUR 5.0
MLN
AND RESERVED CAPITAL INCREASE OF EUR 5.0 MLN FOR NEW INVESTORS
WITH MEDIUM-LONG TERM PERSPECTIVE
    * BOARD HAS SET MINIMUM SUBSCRIPTION PRICE FOR BOTH CAPITAL
INCREASES AT EUR 2.3 PER SHARE
    * BOARD HAS RESOLVED TO ASSIGN ONE FREE WARRANT "WARRANT
ENERTRONICA 2018–2021" PER EACH SHARE OWNED
    * EACH WARRANT GRANTS RIGHT TO SUBSCRIBE TO ONE SHARE AT
PRICE OF
EUR 3/SHR IN FIRST YEAR, PRICE WHICH WILL INCREASE BY 10 PCT
EVERY YEAR

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1xTgPF
    
 Further company coverage:  ENER.MI  
   


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