Brief: Miliboo And M6 Re-Engage In 2-Year Partnership

Miliboo SA

01/07/2020 17:40

July 1 (Reuters) - MILIBOO SA  ALMLB.PA :
    * MILIBOO AND M6 RE-ENGAGE IN A WIN-WIN PARTNERSHIP FOR 2
YEARS
    * ADVERTISING BUDGET OF €2.5 M TO BE INVESTED IN M6
    * M6 INTERACTIONS BOND ISSUE WILL THUS BE INCREASED TO €3.75
MILLION
    * M6 INTERACTIONS, SUBSIDIARY OF M6 GROUP WILL RECEIVE, IN
RETURN
FOR ADVERTISING SPACE, BONDS CONVERTIBLE INTO COMMON MILIBOO
SHARES (OCA 2)
    * WHEN PARTNERSHIP EXPIRES IN SUMMER OF 2022, ALL OF
CONVERTIBLE
BONDS (OCA 1, OCA 2) HELD BY M6 INTERACTIONS CAN BE CONVERTED
INTO NEW MILIBOO ORDINARY SHARES, GIVING IT ACCESS TO 21.4% OF
CAPITAL OF MILIBOO

Source text: https://bit.ly/3eOIVUU
Further company coverage:  ALMLB.PA 

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