Brief: Blue Vision buys shares in Portinho S.A. and increases share capital

Pharma Equity A/S

30/12/2014 08:46

Dec 30(Reuters) - Blue Vision A/S  BLVISa.CO : 
     
    * Said on Monday had entered into an agreement with Portinho 
ApS on purchase of shares of nominal value of 15,000 euros 
($18,191), corresponding to 30 pct of share capital in Portinho 
- Investimentos e Projectos Imobiliários, S.A., Madeira, 
Portugal (Portinho S.A.) 
    * Said had also agreed with the remaining shareholders in 
Portinho S.A. to subscribe for additional shares of a nominal 
value of 2.8 mln euros in Portinho S.A. in connection with share 
capital increase in Portinho S.A. of 3.5 mln euros 
    * Said share capital increase in Portinho S.A. takes place 
through conversion of debt 
    * Said following the transactions Blue Vision's holding in 
Portinho S.A. would reach 79.3 pct 
    * Portinho S.A. owns and develops a land property of 31,123 
square meters on Madeira in Portugal with a planning permission 
for construction of a 5-star hotel with 159 rooms on and 148 
apartments for sale and rent 
    * Said would carry out a private placement of new shares 
with payment in kind of a nominal value of 49.6 million Danish 
crowns ($8.09 million) directed towards Portinho ApS 
    * Said would additionally carry out share capital increase 
of nominal value of 47.8 million Danish crowns through 
conversion of debt 
    * Said all shares to be issued in connection with conversion 
of shares would be subscribed for by Jeanette Gyldstoff Borg 
    * Said following share capital increase through private 
placement and conversion of debt the company would still be 
controlled by Haab Investment Ltd., the owner of Portinho ApS, 
and Baltic Investment Group ApS, that together own 48 pct of 
shares in Blue Vision 
     
  
 Source text for Eikon:  ID:nCSE5Dvv  
     
 Further company coverage:  BLVISa.CO   
    
 
 
 
($1 = 0.8246 euros) 
 
($1 = 6.1347 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: BLUE VISION/BRIEF