Brief: Solocal Group Strenghtens Its Financial Structure

Solocal SE

03/07/2020 13:16

July 3 (Reuters) - Solocal Group SA  LOCAL.PA :
    * AGREEMENT ON THE FINANCIAL STRUCTURE STRENGTHENING PLAN
    * STRENGTHENING OF EQUITY BY EUR 347 MILLION
    * SECURED LIQUIDITY OF 117 MILLION EUROS
    * CHANGE IN DEBT FROM €252 TO €262 MILLION AND IN ANNUAL FINANCIAL EXPENSES
BY
-55%
    * ALLOCATION OF 627 MILLION FREE SHARES TO ALL EXISTING SHAREHOLDERS
    * GOLDENTREE WOULD BECOME A REFERENCE SHAREHOLDER AND HOLD AT LEAST 15.5% OF
THE
CAPITAL
    * RESUMPTION OF SHARES ON MONDAY 6 JULY 2020

Further company coverage:  LOCAL.PA 

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