Brief: Polaris Announces Potential Material Dilution Of Effective Stake In Marque Luxury America Llc
26/10/2021 13:18
Oct 26 (Reuters) - Polaris Ltd POLA.SI :
* POTENTIAL MATERIAL DILUTION OF EFFECTIVE EQUITY INTEREST
IN
MARQUE LUXURY AMERICA LLC
* AGREEMENT FOR A POTENTIAL US$10 MILLION INVESTMENT THROUGH
SUBSCRIPTION OF STAKE IN MARQUE LUXURY AMERICA LLC
* POTENTIAL INJECTION TO RESULT IN REDUCTION OF CO'S
EFFECTIVE
INTEREST IN MARQUE LUXURY AMERICA FROM 51.0% TO NOT LESS THAN
19.99%
Source text for Eikon: ID:nSN3DRLg7
Further company coverage: POLA.SI
((Reuters.Briefs@thomsonreuters.com;))
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