Brief: GO internet BoD Proposes Eur 5.0 Mln Capital Increase
12/12/2018 07:30
Dec 12 (Reuters) - GO internet SpA GO.MI :
* SAID ON TUESDAY THAT ITS BOARD OF DIRECTORS (BOD) PLANS TO
PROPOSE TO CO'S SHAREHOLDERS CAPITAL INCREASE OF EUR UP TO 5.0
MILLION
* CAPITAL INCREASE COULD BE EXECUTED BY JULY 31, 2019 IN
DIVISIBLE
FORM THROUGH ISSUE OF ORDINARY SHARES
* SAID PLANS TO USE PROCEEDS FROM CAPITAL INCREASE TO COVER
CONTRIBUTIONS FOR RIGHTS EXTENSION ON BWA FREQUENCIES IN
3400-3600 MHZ BAND FOR JULY 1, 2023 TO DEC.31, 2029 PERIOD AND
TO FINANCE IMPLEMENTATION AND EXPANSION OF 5G READY-TO-OVERLAY
NETWORK INFRASTRUCTURE AS WELL AS OTHER OBJECTIVES UNDER ITS
2019-2023 BUSINESS PLAN
* IF SHAREHOLDERS APPROVE PROPOSAL, OFFER OF OPTION CAPITAL
INCREASE SHOULD BEGIN ON JAN. 14, 2019
Source text for Eikon: urn:newsml:reuters.com:*:nBIA7QSHdb
Further company coverage: GO.MI
(Gdynia Newsroom)
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