Brief: La Perla To Launch Fully Subscribed Capital Increase Without Subscription Rights

La Perla Fashion Holding NV

27/02/2020 07:54

Feb 27 (Reuters) - LA PERLA FASHION HOLDING NV  ALPER.PA :  
    * ANNOUNCED ON WEDNESDAY IT INTENDS TO LAUNCH FULLY
SUBSCRIBED
CAPITAL INCREASE WITHOUT SUBSCRIPTION RIGHTS SHORTLY
    * COMPANY INTENDS TO IMPLEMENT CAPITAL INCREASE IN TWO
TRANCHES
WITHIN THE NEXT 14 DAYS
    * FIRST TRANCHE WILL CONSIST OF 20 MILLION NEW SHARES
WITHOUT
SUBSCRIPTION RIGHTS AS APPROVED BY COMPANY’S SHAREHOLDERS
RESOLUTION ON THE 5 DECEMBER 2019
    * SECOND TRANCHE WILL CONSIST OF APPROX. 24.5 MILLION
ADDITIONAL
NEW SHARES TO BE ISSUED BY UTILIZING AN EXISTING AUTHORIZATION
TO ISSUE NEW SHARES IN THE CAPITAL OF THE COMPANY WITHOUT
SUBSCRIPTION RIGHTS
    * COMPANY INTENDS TO EXCLUSIVELY SELL THE NEW SHARES TO
INSTITUTIONAL INVESTORS IN PRIVATE PLACEMENTS AND AT PLACEMENT
PRICE REFLECTING CURRENT TRADING; TODAY’S CLOSING PRICE WAS EUR
4.50
    * LA PERLA INTENDS TO USE NET PROCEEDS TO REPAY CERTAIN
AMOUNT OF
GROUP'S FINANCIAL INDEBTEDNESS
    * NEW SHARES WILL BE ADMITTED TO TRADING ON EURONEXT GROWTH
FOLLOWING REGISTRATION OF IMPLEMENTATION OF CAPITAL INCREASE

    
 Source text: https://bit.ly/2uDfL9A
    
 Further company coverage:  ALPER.PA  
   
    
    

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