Brief: Cofina Approves Share Capital Increase Of 85 Mln Euros

Grupo Media Capital SGPS SA

30/01/2020 07:09

Jan 30 (Reuters) - Cofina SGPS SA  CFN.LS :
    * BOARD APPROVES SHARE CAPITAL INCREASE OF 85.0 MILLION
EUROS
THROUGH ISSUE OF 188.9 NEW ORDINARY SHARES, WITHOUT NOMINAL
VALUE  urn:newsml:reuters.com:*:nL5N26N0JR
    * SUBSCRIPTION PRICE SET AT 0.45 EUROS PER SHARE WITH NO
PREMIUM
    * SAYS INTENDS TO COMMENCE RIGHTS OFFERING AS SOON AS
PRACTICABLE
AFTER RECEIVING APPROVAL FROM THE PORTUGUESE SECURITIES AND
EXCHANGE COMMISSION (CMVM)
    * SHAREHOLDERS (PROMENDO INVESTIMENTOS, CADERNO AZUL, ACTIUM
CAPITAL, LIVREFLUXO, VALOR AUTENTICO AND PLURIS INVESTMENTS)
COMMITTED TO SUBSCRIBE ABOUT 60 MILLION EUROS IN NEW SHARES
    * RIGHTS OFFERING TO PARTIALLY FINANCE ACQUISITION OF STAKE
IN
PROMOTORA DE INFORMACIONES, IN VERTIX AND INDIRECTLY IN GRUPO
MEDIA CAPITAL AS WELL AS DEBT RESTRUCTURING AFTER THE
ACQUISITION OF THIS COMPANY

    
 Source text: https://bit.ly/37KKr7e
    
 Further company coverage:  CFN.LS  
   
    
    

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