Brief: Prisa Reports Second Conversion Period Results And Agrees To Partially Execute Capital Increase

Promotora de Informaciones

14/11/2023 06:34

Nov 14 (Reuters) - Promotora de Informaciones SA
 PRS.MC :
    * SAID ON MONDAY, IN RELATION TO SECOND ORDINARY CONVERSION
PERIOD
OF ISSUANCE OF SUBORDINATED CONVERTIBLE BONDS, REQUESTS WERE
RECEIVED FOR CONVERSION OF 100 NOTES, WHICH TOTAL NOMINAL AMOUNT
IS 37,000 EUROS
    * 83,729 CONVERTIBLE NOTES, REPRESENTING 23.83% OF TOTAL
NOMINAL
AMOUNT OF ISSUANCE, REMAIN OUTSTANDING
    * BOARD APPROVED REDEMPTION OF CONVERTIBLE BONDS WHOSE
CONVERSION
WAS REQUESTED
    * FRACTIONS OF SHARES WILL NOT BE PAID IN CASH TO OWNERS OF
NOTES
TO BE REDEEMED, SINCE CONVERSION PRICE OF 0.37 EURO ON NOV 10,
YIELDS ENTIRE NUMBER OF NEW SHARES
    * BOARD ALSO APPROVED PARTIAL EXECUTION OF CAPITAL INCREASE 
    * TO INCREASE SHARE CAPITAL BY TOTAL NOMINAL AMOUNT OF
10,000
EUROS BY ISSUING AND PLACING INTO CIRCULATION 100,000 NEW
SHARES, EACH WITH PAR VALUE OF 0.10 EURO
    * ISSUE PRICE OF NEW SHARES IS 0.37 EURO PER SHARE (0.10
EURO OF
PAR VALUE PLUS 0.27 EURO OF SHARE PREMIUM)
    * THEREFORE, TOTAL SHARE PREMIUM AMOUNTS TO 27,000 EUROS AND
EFFECTIVE AMOUNT (PAR VALUE PLUS SHARE PREMIUM) OF CAPITAL
INCREASE AMOUNTS TO 37,000 EUROS
    * NEW SHARES WILL BE FULLY SUBSCRIBED AND DISBURSED, AND
SHARE
PREMIUM SATISFIED
    * AS RESULT OF CAPITAL INCREASE, SHARE CAPITAL OF PRISA WILL
BE
SET AT 100.8 MILLION EUROS AND WILL BE REPRESENTED BY 1.0
MILLION ORDINARY SHARES WITH PAR VALUE OF 0.10 EURO

        
 Source text: https://tinyurl.com/3y99p56j
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