Brief: Gabetti Property Solutions discloses conditions of 3 mln euro capital increase
08/10/2015 09:45
Oct 8 (Reuters) - Gabetti Property Solutions SpA GABI.MI :
* Said on Wednesday it completes its debt restructuring
agreement with a capital increase reserved to shareholders and
holders of convertible bonds "Convertendo Gabetti 2014-2023"
* To issue up to 3,180,366 new ordinary shares with no par
value for a maximum of 2,999,721.2112 euros ($3.38 million) of
which 2,999.72 euros attributable to capital and 2,996,721.4912
euros to share premium
* Newly issued ordinary shares to be offered at the exchange
ratio of 14 to every 239 option rights held
* Subscription price is 0.9432 per share
* The offer period lasts from Oct. 12 to Oct. 30
* Capital increase is guaranteed by major shareholder Marfin
Srl
* Once the capital increase is executed or by the end of the
fiscal year, another 10-million euro capital increase for
holders of "Convertendo Gabetti 2014-2023" convertible bonds
will be launched
* To issue up to 10,602,205 ordinary shares with no par
value for up to 9,999,999.76 euros of which 7,000 euros of
capital and 9,992,999.76 premium
Source text for Eikon: ID:nBIA073bc
Further company coverage: GABI.MI
($1 = 0.8881 euros)
(Gdynia Newsroom)
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