Brief: Prisa Approves To Redeem Convertible Notes 2023, Partially Execute Capital Increase

Promotora de Informaciones

14/05/2024 06:37

May 14 (Reuters) - Promotora de Informaciones SA
 PRS.MC : 
    * ON MONDAY REPORTED RESULT OF THIRD ORDINARY CONVERSION
PERIOD OF
CONVERTIBLE NOTES ISSUED IN FEBRUARY 2023
    * BOARD APPROVES TO REDEEM CONVERTIBLE NOTES 2023 WHOSE
CONVERSION
HAS BEEN REQUESTED DURING THIRD ORDINARY CONVERSION PERIOD CN
2023
    * PARTIALLY EXECUTE CAPITAL INCREASE APPROVED BY COMPANY'S
BOARD
ON JAN 9, 2023 WITHIN FRAMEWORK OF ISSUANCE OF CONVERTIBLE NOTES
DUE 2028
    * FOR THIS PURPOSE, RESOLVES TO INCREASE SHARE CAPITAL BY
TOTAL
NOMINAL AMOUNT OF EUR 15,500 BY ISSUING AND PLACING INTO
CIRCULATION 155,000 NEW SHARES
    * EACH SHARE WITH PAR VALUE OF EUR 0.10, OF  SAME CLASS AND
SERIES
AS SHARES OF PRISA CURRENTLY OUTSTANDING
    * ISSUE PRICE OF NEW SHARES IS EUR 0.37 PER SHARE (EUR 0.10
OF PAR
VALUE PLUS EUR 0.27 OF SHARE PREMIUM)
    * THEREFORE, TOTAL SHARE PREMIUM AMOUNTS TO EUR 41,850 AND
EFFECTIVE AMOUNT OF CAPITAL INCREASE BY CONVERSION OF CN 2023
AMOUNTS TO EUR 57,350
    * AS A RESULT OF CAPITAL INCREASE BY CONVERSION OF CN 2023,
SHARE
CAPITAL OF PRISA TO BE SET AT EUR 102.9 MLN AND TO BE
REPRESENTED BY 1.03 BLN ORDINARY SHARES WITH PAR VALUE OF EUR
0.10

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nCNM3QTcCl urn:newsml:reuters.com:*:nFWN3F61TS
 Further company coverage:  PRS.MC  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))