Brief: Giglio Group Shareholders Grants Board Power To Increase Capital

Ops Ecom SpA

13/11/2020 07:54

Nov 13 (Reuters) - Giglio Group SpA  GGTV.MI :
    * SAID ON THURSDAY THE ORDINARY AND EXTRAORDINARY
SHAREHOLDERS'
MEETING RESOLVED TO GRANT BOARD POWERS TO INCREASE CAPITAL
WITHOUT OPTION RIGHTS THROUGH CONTRIBUTIONS IN CASH WITHIN LIMIT
OF 20% OF EXISTING SHARE CAPITAL 
    * CAPITAL INCREASE TO BE EXECUTED IN MORE TRANCHES, UNTIL 30
JUNE
2021
    * ALSO GIVES POWER TO BOARD FOR A PERIOD OF FIVE YEARS TO
INCREASE
THE SHARE CAPITAL UPON PAYMENT IN SEPARATE ISSUES, WITHOUT
OPTION RIGHTS
    * CAPITAL INCREASE TO BE SETTLED THROUGH CONTRIBUTIONS IN
KIND
THROUGH ISSUE OF MAX. OF 1,830,668.50 ORDINARY SHARES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA22Jbh2
    
 Further company coverage:  GGTV.MI  
   


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