Brief: Solocal Group Announces Share Capital Increase Of Around 336 Million Euros

Solocal SE

02/10/2020 18:25

Oct 2 (Reuters) - Solocal Group SA  LOCAL.PA :
    * RESULTS OF THE SHARE CAPITAL INCREASE WITH PREFERENTIAL
SUBSCRIPTION RIGHTS AMOUNTING TO APPROXIMATELY 336 MILLION EUROS
    * SHARE CAPITAL INCREASE WILL DECREASE OF THE INDEBTEDNESS
OF THE
GROUP BY HALF
    * GROUP WILL RECEIVE CASH PROCEEDS FOR AN AMOUNT OF €85
MILLION
(NET OF THE SUPPORT FEE) AND WILL REDUCE ITS GROSSDEBT BY
APPROXIMATELY €260 MILLION
    * DELIVERY OF 625,912,878 FREE SHARES, ON THE BASIS OF ONE
FREE
SHARE FOR ONE EXISTING SHARE AS PREVIOUSLY ANNOUNCED
    * GOLDENTREE BECOMES THE FIRST SHAREHOLDER OF THE COMPANY BY
HOLDING 26.00% OF THE SHARE CAPITAL OF THE COMPANY

Source text: https://bit.ly/33nLp9o
Further company coverage:  LOCAL.PA 

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