Brief: H-Farm Issues 2020-2024 Business Plan, Proposes 10 Mln Euro Cash Call, Bond

H-Farm SpA

26/08/2020 06:32

Aug 26 (Reuters) - H-Farm  HFARM.MI :
    * ISSUED ON TUESDAY 2020-2024 BUSINESS PLAN
    * SEES 2020 REVENUE AT EUR 52 MLN
    * SEES 2020 EBITDA LOSS AT EUR 5 MLN
    * SEES 2024 REVENUE AT EUR 126 MLN
    * SEES 2024 EBITDA AT EUR 12 MLN 
    * TO PROPOSE TO SHAREHOLDERS TO GRANT POWERS FOR CAPITAL
INCREASE
OF UP TO EUR 10 MLN
    * EUR 4 MLN OUT OF 10 MLN EURO CAPITAL INCREASE TO BE RIGHTS
ISSUE
WHILE EUR 6 MLN TO BE OFFERED TO QUALIFIED INVESTORS
    * TO PROPOSE TO SHAREHOLDERS TO GRANT POWERS TO ISSUE
CONVERTIBLE
BOND OF UP TO EUR 10 MLN
    * EUR 4 MLN OUT OF 10 MLN EURO CAPITAL INCREASE TO BE
OFFERED TO
SHAREHOLDERS WHO SUBSCRIBE TO RIGHTS ISSUE
    * EUR 6 MLN OUT OF 10 MLN EURO CAPITAL INCREASE TO BE
OFFERED TO
QUALIFIED INVESTORS WHO SUBSCRIBE TO CAPITAL INCREASE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6ZGmmv
    
 Further company coverage:  HFARM.MI  
   


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