Brief: Novabase To Resolve On Share Capital Reduction And Share Capital Increase

Novabase SGPS SA

08/08/2019 06:35

Aug 8 (Reuters) - Novabase SGPS SA  NBA.LS :
    * SAID ON WEDNESDAY PROPOSES SHARE CAPITAL REDUCTION FROM
15.7
MILLION EUROS TO 11.3 MILLION EUROS
    * SAYS THE RELEASE OF EXCESSIVE CAPITAL TO BE CARRIED OUT BY
REDUCTION OF NOMINAL VALUE OF ALL SHARES FROM 0.50 EUROS PER
SHARE TO 0.36 EUROS PER SHARE
    * TO PROPOSE SHARE CAPITAL INCREASE FROM 11.3 MILLION EUROS
TO
54.6 MILLION EUROS
    * TO INCREASE SHARE CAPITAL VIA INCORPORATION OF 43.3
MILLION
EUROS FROM THE SHARE PREMIUM RESERVE, THROUGH INCREASE OF
NOMINAL VALUE OF ALL SHARES BY 1.38 EUROS PER SHARE 
    * SAYS AS A RESULT OF SHARE CAPITAL INCREASE EACH SHARE
SHALL HAVE
NOMINAL VALUE OF 1.74 EUROS PER SHARE

    
 Source text: https://bit.ly/2Ysrk0S
    
 Further company coverage:  NBA.LS  
   


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