Brief: Prisa Opens Second Ordinary Conversion Period Of Subordinated Notes Convertible Into Shares

Promotora de Informaciones

01/11/2023 06:19

Nov 1 (Reuters) - Promotora de Informaciones SA
 PRS.MC :
    * SAID ON TUESDAY, IN RELATION TO PUBLIC SUBSCRIPTION
OFFERING OF
SUBORDINATED NOTES NECESSARILY CONVERTIBLE ISSUED IN FEBRUARY
2023, IT OPENS SECOND ORDINARY CONVERSION PERIOD OF ISSUANCE
    * SECOND CONVERSION PERIOD TO TAKE PLACE BETWEEN NOV 1 AND
NOV 10,
INCLUDING THOSE DAYS        
    * CONVERSION PRICE IS CURRENTLY FIXED, AND SINCE DATE OF
THEIR
ISSUANCE, AT 0.37 EURO PER NEW SHARE
    * NO EVENT GIVING RISE TO ADJUSTMENT OF FIXED CONVERSION
PRICE
THAT WOULD CAUSE CONVERSION PRICE TO BE DIFFERENT FROM 0.37
EUROS PER NEW SHARE IS FORESEEN
    * IN ADDITION, HOLDERS OF CONVERTIBLE NOTES WHO REQUESTED
CONVERSION DURING SECOND CONVERSION PERIOD WILL BE ENTITLED TO
RECEIVE IN CASH THE INTEREST ACCRUED UP TO AND EXCLUDING
CONVERSION DATE

        
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