Brief: Iervolino Entertainment Proposes Issue Of EUR-8-Mln Convertible Bond

Lady Bacardi Media SpA

09/12/2019 07:11

Dec 9 (Reuters) - Iervolino Entertainment SpA  IE.MI :
    * SAID ON FRIDAY BOARD RESOLVED TO PROPOSE TO ITS
SHAREHOLDERS
ISSUE OF CONVERTIBLE BOND WITH 3% COUPON AND MATURITY IN 12
MONTHS FOR UP TO EUR 8 MLN 
    * CONVERSION SHARES WILL ISSUED AT MINIMUM PRICE OF EUR 3.17
PER
SHARE
    * PROCEEDS FROM BOND CONVERSION WILL BE USED TO INCREASE
CO'S
CAPITAL 
    * EXTRAORDINARY SHAREHOLDERS' MEETING WILL BE HELD ON DEC.
23 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA7PkkGb
    
 Further company coverage:  IE.MI  
   


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