Brief: Landi Renzo Approves Capital Hike Of Up To EUR 59.6 Mln

Landi Renzo SpA

12/07/2022 06:34

July 12 (Reuters) - Landi Renzo SpA  LR.MI :
    * SAID ON MONDAY BOD HAD APPROVED FINAL TERMS, CONDITIONS OF
CAPITAL INCREASE FOR UP TO EUR 59,625,000
    * CAPITAL INCREASE TO BE IMPLEMENTED THROUGH ISSUANCE OF UP
TO
112.500.000 ORDINARY SHARES, WITH PAR VALUE OF EUR 0.10, TO BE
OFFERED TO SHAREHOLDERS ON PRE-EMPTIVE BASIS, FOR SUBSCRIPTION
PRICE OF EUR 0.53/SHR, INCLUDING SHARE PREMIUM
    * MAJORITY STAKEHOLDER GBD GREEN  IRREVOCABLY UNDERTAKES TO
SUBSCRIBE FOR A MAX. TOTAL AMOUNT OF EUR 50 MLN
    * SHOULD CAPITAL INCREASE BE FULLY SUBSCRIBED, NET CASH
PROCEEDS
WILL AMOUNT TO ABOUT EUR 40.5 MLN

        
 Further company coverage:  LR.MI  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))