Brief: Nova Re approves 2017-2019 industrial plan

Next Re SIIQ SpA

23/06/2016 17:01

June 23 (Reuters) - Nova Re SpA  NR.MI : 
    * Board approves the 2017-2019 industrial plan 
    * Plans to turn into a listed real estate investment company (Societa di Investimento 
Immobiliare Quotata) 
    * Plans capital increases for a total of up to 400 million euros ($454.60 million) in four 
years 
    * Plans first capital increase for 40 million euros in cash and 57 million euros in kind 
    * The first capital increase should be effective by Jan. 1, 2017 
    * The 57 million euro capital increase corresponds to the NAV (net asset value) of a 
property portfolio for the value of 158 million euros (Gross Annual Value) 
 
Source text: www.1info.it 
Further company coverage:  NR.MI  
 
($1 = 0.8799 euros) 
 
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