Brief: Italia Independent Group Q1 turnover down 18.5 pct to EUR 8.2 mln, board plans capital increase

IIG SpA in Liquidazione

27/06/2016 11:04

June 27 (Reuters) - Italia Independent Group SpA  IINT.MI : 
    * Reported on Sunday Q1 turnover of 8.2 million euros ($9.05 
million), down 18.5 percent year on year 
    * Says the trend of revenues in the months of April and May  
did not make up for the first quarter slowdown 
    * Is taking into consideration to incorporate its wholly 
owned unit Italia Independent SpA 
    * Board plans capital increase of up to 15 million euros 
    * Up to 5 million euros of the planned capital increase will 
be offered to shareholders via rights issue 
    * Majority shareholder Lapo Elkann commits to subscribing to 
all the shares that may not be subscribed in the capital 
increase 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2626f 
     
 Further company coverage:  IINT.MI   
    
 
 
 
($1 = 0.9065 euros) 
 
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