Brief: Prisa Approves To Redeem Convertible Notes 2024, Partially Execute Capital Increase

Promotora de Informaciones

14/05/2024 06:53

May 14 (Reuters) - Promotora de Informaciones SA
 PRS.MC : 
    * ON MONDAY REPORTED RESULT OF FIRST ORDINARY CONVERSION
PERIOD OF
CONVERTIBLE NOTES ISSUED IN APRIL 
    * BOARD APPROVES TO REDEEM CONVERTIBLE NOTES 2024 WHOSE
CONVERSION
HAS BEEN REQUESTED DURING FIRST ORDINARY CONVERSION PERIOD CN
2024
    * BOARD ALSO APPROVES TO PARTIALLY EXECUTE CAPITAL INCREASE
APPROVED BY COMPANY'S BOARD ON MARCH 12 WITHIN FRAMEWORK OF
ISSUANCE OF CONVERTIBLE NOTES DUE 2029
    * FOR THIS PURPOSE, RESOLVES TO INCREASE SHARE CAPITAL BY 
TOTAL
NOMINAL AMOUNT OF EUR 5.8 MLN BY ISSUING AND PLACING INTO
CIRCULATION 57.7 MLN NEW SHARES, EACH 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 15.6 MLN AND
EFFECTIVE AMOUNT (PAR VALUE PLUS SHARE PREMIUM) OF CAPITAL
INCREASE BY CONVERSION OF CN 2024 AMOUNTS TO EUR 21.3 MLN 
    * AS A RESULT OF CAPITAL INCREASE BY CONVERSION OF CN 2024,
SHARE
CAPITAL OF PRISA TO BE SET AT EUR 108.6 MLN AND TO BE
REPRESENTED BY 1.09 BLN ORDINARY SHARES WITH PAR VALUE OF EUR
0.10

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nCNM5x2LBt
 Further company coverage:  PRS.MC  

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