Brief: Marie Brizard Wine And Spirits Postpones Capital Increase To Q1

Marie Brizard Wine and Spirits SA

23/12/2020 07:53

Dec 23 (Reuters) - Marie Brizard Wine And Spirits  MBWS.PA :
    * ANNOUNCED ON TUESDAY POSTPONEMENT OF CAPITAL INCREASE
PROJECT TO
1ST QUARTER OF 2021
    * PROPOSED CAPITAL INCREASE WITH SHAREHOLDERS' PREFERENTIAL
SUBSCRIPTION RIGHTS FOR MAXIMUM OVERALL AMOUNT (ISSUE PREMIUM
INCLUDED) OF AROUND EUR 105.3 MLN WILL NOT TAKE PLACE BEFORE END
OF 2020
    * DISCUSSIONS CONCERNING FORMALIZATION OF AGREEMENT IN
PRINCIPLE
ON AMENDMENT OF SCOTCH WHISKY SUPPLY CONTRACT ARE STILL ONGOING
BETWEEN COMPANY AND ITS SUPPLIER
    * AROUND  EUR 7 MLN CURRENT ACCOUNT ADVANCE BY COFEPP IS
ALSO
SUBJECT TO FORMALIZATION OF AGREEMENT IN PRINCIPLE WITH GROUP'S
SUPPLIER
    * DEADLINE FOR LAUNCH OF CAPITAL INCREASE POSTPONED TO MARCH
15,
2021, AT THE LATEST
    * INFORMATION-CONSULTATION PROCEDURE WITH EMPLOYEES OF
MONCIGALE
AND MARIE BRIZARD WINE & SPIRITS FRANCE IN CONNECTION WITH
PROPOSED SALE OF MONCIGALE WAS FINALIZED ON NOVEMBER 30, 2020
    * SALE SHOULD BE COMPLETED BY END OF JANUARY/EARLY FEBRUARY
2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8pK9L5
    
 Further company coverage:  MBWS.PA  
   


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