Brief: Nextil Approves 5 Mln Euro Capital Increase And Proposes Second For 7.5 Mln Euros

Nueva Expresion Textil SA

23/03/2022 07:11

March 23 (Reuters) - Nueva Expresión Textil Sa  NXTE.MC :
    * SAID ON TUESDAY THAT BOARD APPROVED CAPITAL INCREASE
THROUGH
ISSUE OF NEW SHARES FOR A TOTAL OF 5 MILLION EUROS 
    * CAPITAL INCREASE WILL ISSUE A MAXIMUM OF 11.4 MILLION
SHARES
WITH A NOMINAL VALUE OF 0.44 EUROS PER SHARE
    * BOARD OF DIRECTORS ALSO PROPOSED A SECOND CAPITAL INCREASE
FOR A
TOTAL OF 7.5 MILLION EUROS 
    * PROPOSED CAPITAL INCREASE TO BE PAID BY OFFSETTING CREDIT
HELD
BY BUSINESSGATE SL AGAINST THE COMPANY, WITH LOAN OF SAME
NOMINAL VALUE AND PREMIUM AS SHARE CAPITAL INCREASES
    * EXERCISE OF PRE-EMPTIVE SUBSCRIPTION RIGHTS WILL HAVE A
DURATION
OF 14 DAYS, FROM MARCH 25 TO APRIL 22, 2022
    * FULL PAYMENT OF SUBSCRIPTION PRICE FOR EACH NEW SHARE
SUBSCRIBED
TO BE MADE BETWEEN 25-26 APRIL, 2022

    
    
 Source text: https://bit.ly/3qrYFoQ
 Further company coverage:  NXTE.MC  

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