Brief: Redan Plans To Raise Funds, Buy New Shares Of TXM

Redan SA W Likwidacji

14/06/2018 09:42

June 14 (Reuters) - REDAN SA  RDNP.WA :
    * PLANS TO BUY NEW SHARES OF TXM SA  TXM.WA  OF VALUE FROM 5 TO 7 MILLION ZLOTYS
    * PLANS TO RAISE FUNDS FOR FINANCING ACQUISITION OF TXM NEW SHARES THROUGH ISSUANCE OF BONDS
    * CURRENTLY CO HOLDS 56.5 PERCENT STAKE IN TXM
    * SAYS IT IS ALSO IN TALKS WITH 21 CONCORDIA 1 S.A.R.L WHICH IS SECOND BIGGEST SHAREHOLDER
OF TXM 
    * SAYS WILL BUY NEW SHARES OF TXM SUBJECT TO SOME CONDITIONS, INCLUDING 21 CONCORDIA'S (OR
ENTITIES DESIGNATED BY THIS FUND) PURCHASE OF TXM NEW SHARES OR CONVERTIBLE BONDS OF NOMINAL
VALUE NO LOWER THAN 20 MILLION ZLOTYS
    * TXM SHAREHOLDERS TO VOTE ON JULY 10 ON ISSUANCE OF UP TO 4.3 MILLION NEW SERIES G SHARES
AND UP
TO 10.5 MILLION SERIES A BONDS  urn:newsml:reuters.com:*:nL8N1TG0GX 

Source text for Eikon:  ID:nEM7LyT07a 
Further companies coverage:  RDNP.WA ,  TXM.WA 

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