Brief: Prisa Informs On Extraordinary Conversion Period Of Convertible Notes Issued In Feb 2023

Promotora de Informaciones

30/01/2024 17:22

Jan 30 (Reuters) - Promotora de Informaciones SA
 PRS.MC :
    * INFORMS OF DETAILS OF EXTRAORDINARY CONVERSION PERIOD OF
CONVERTIBLE NOTES ISSUED IN FEB 2023
    * EXTRAORDINARY CONVERSION PERIOD SHALL HAVE DURATION OF 10
CALENDAR DAYS AND SHALL TAKE PLACE BETWEEN FEB 5, AND FEB 14,
BOTH DAYS INCLUDED
    * CONVERSION PRICE OF CONVERTIBLE NOTES DUE 2028 INTO NEW
SHARES
IS CURRENTLY FIXED, AND SINCE DATE OF THEIR ISSUANCE, AT 0.37
EUROS PER NEW SHARE
    * HOWEVER, IT IS NOTED THAT NO EVENT GIVING RISE TO
ADJUSTMENT OF
THE FIXED CONVERSION PRICE THAT WOULD CAUSE CONVERSION PRICE TO
BE DIFFERENT FROM 0.37 EUROS PER NEW SHARE IS FORESEEN
    * DURING EXTRAORDINARY CONVERSION PERIOD, HOLDERS OF
CONVERTIBLE
NOTES DUE 2028 WILL BE ENTITLED TO REQUEST CONVERSION OF SUCH
NUMBER OF CONVERTIBLE NOTES DUE 2028 AS THEY DEEM APPROPRIATE
INTO NEWLY ISSUED ORDINARY SHARES OF COMPANY AT FIXED CONVERSION
PRICE IN EFFECT ON FEB 14

Source text for Eikon:  ID:nCNM8mBdKL 
Further company coverage:  PRS.MC 

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