Brief: Pharol Decides Not To Participate In Oi's Share Capital Increase

Pharol SGPS SA

19/07/2018 06:46

July 19 (Reuters) - PHAROL SGPS SA  PHRA.LS :
    * SAID ON WEDNESDAY DECIDED NOT TO PARTICIPATE IN OI'S
CAPITAL
INCREASE THROUGH CREDIT CAPITALISATION CONSIDERING THE PRICE AT
WHICH SUBSCRIPTION RIGHT COULD BE EXERCISED AND CURRENT MARKET
CONDITIONS OF OI'S SHARE RICE
    * CAPITAL INCREASE TO BE CARRIED OUT THROUGH ISSUE OF NEW
SHARES
TO BONDHOLDERS THAT OPTED TO CONVERT OI'S CAPITAL CREDITS, AND
WITH MINIMUM ISSUANCE PRICE OF R$7.00 PER SHARE
    * THE DEADLINE FOR USE OF SUBSCRIPTION RIGHT RESERVED TO
SHAREHOLDERS FOR THIS CAPITAL INCREASE ENDED ON JULY 16
    * BOARD HAS NOT YET MADE A DECISION ON A SECOND CAPITAL
INCREASE
THROUGH NEW RESOURCES THAT OI WILL CARRY OUT, OF WHICH THE
CONDITIONS ARE NOT YET KNOWN 

    
 Source text: https://bit.ly/2O1JspK
    
 Further company coverage:  PHRA.LS  
   


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