Brief: Pierrel Approves Capital Hike Up To EUR 70 Mln, 2026 Industrial Plan

Pierrel SpA

06/07/2023 06:29

July 6 (Reuters) - Pierrel SpA  PRL.MI :
    * SAID ON WEDNESDAY BOARD APPROVED CAPITAL HIKE FOR UP TO
EUR 70
MLN, UP TO 45,776,255 ORDINARY SHARES
    * CAPITAL INCREASE TO BE OFFERED IN OPTION TO SHAREHOLDERS
WITH
RATIO OF 5 NEW SHARES FOR EACH SHARE HELD
    * OFFERED PRICE PER SHARE IS EUR 1.529
    * OFFER OPEN JULY 10-24
    * SHAREHOLDER FIN POSILLIPO COMMITTED TO UNDERWRITE 51.306%
OF
SHARES, ALL UNOPTED OPTION RIGHTS
    * SHAREHOLDER BOOTES COMMITTED TO UNDERWRITE EUR 2.4 MLN,
EQUAL TO
CREDIT AND INTERESTS FROM PIERREL
    * SEES IN 2023 REVENUES IN RANGE OF EUR 39-43 MLN
    * SEES IN 2023 EBITDA IN RANGE OF EUR 7-8 MLN
    * SEES IN 2026 REVENUES IN RANGE OF EUR 81-89 MLN
    * SEES IN 2026 EBITDA IN RANGE OF EUR 26-29 MLN

 Further company coverage:  PRL.MI  

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