Brief: Marie Brizard Wine & Spirits To Raise Capital By Max. Amount Of About EUR 105.3 Mln

Marie Brizard Wine and Spirits SA

12/01/2021 17:42

Jan 12 (Reuters) - Marie Brizard Wine and Spirits SA  MBWS.PA :
    * UPDATE ON PROPOSED CAPITAL INCREASE
    * ANNOUNCES THAT AGREEMENT HAS FINALLY BEEN FORMALIZED BETWEEN COMPANY AND
ITS
MAIN BULK SUPPLIER OF SCOTCH WHISKY
    * MAIN EFFECT OF NEW CONTRACT IS TO RESET GROUP'S MINIMUM ANNUAL VOLUME
PURCHASE
COMMITMENTS COMPARED WITH THOSE PROVIDED FOR IN 2021 AND SUBSEQUENT YEARS UNDER
TERMS OF PREVIOUS CONTRACT
    * CAPITAL INCREASE FOR A MAXIMUM AGGREGATE AMOUNT OF ABOUT EUR 105.3
MILLION, VIA
ISSUE OF A MAXIMUM AMOUNT OF APPROXIMATELY 70.2 MILLION NEW ORDINARY SHARES TO
BE SUBSCRIBED FOR IN CASH AND/OR BY OFFSETTING RECEIVABLES
    * UNIT SUBSCRIPTION PRICE OF 1.50 EUROS
    * IN ACCORDANCE WITH TERMS OF REFINANCING AGREEMENT ENTERED INTO ON 20 DEC
2019,
PAYMENT BY COFEPP OF CURRENT ACCOUNT ADVANCE OF AROUND EUR 7 MILLION SHOULD TAKE
PLACE IN COMING DAYS

Source text for Eikon:  ID:nGNE1zlFx2 
Further company coverage:  MBWS.PA 

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