Brief: Solocal Group To Subscribe To Capital Increase

Solocal SE

09/07/2020 07:19

July 9 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * COMMITMENT TO SUBSCRIBE TO THE CAPITAL INCREASE WITH
PREFERENTIAL SUBSCRIPTION RIGHTS TO BE IMPLEMENTED IN THE
CONTEXT OF THE RESTRUCTURING AGREEMENT
    * PERIOD OF RECEIPT OF THE SUBSCRIPTION COMMITMENTS: FROM
JULY 8TH
, 2020 TO JULY 23RD , 2020 (INCLUDED)
    * RESERVED SHARE CAPITAL INCREASE OF UP TO €17 MILLION TO BE
SUBSCRIBED BY A CATEGORY OF PERSONS (ONE OR SEVERAL
BONDHOLDERS), AT €0.08 PER SHARE
    * SHARE CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION
RIGHTS FOR
€330 MILLION (POTENTIALLY EXTENDED) AT €0.03 PER SHARE
    * FREE SHARE ALLOCATION FOR ALL EXISTING SHAREHOLDERS: 
WOULD
RESULT IN THE ISSUANCE OF APPROXIMATELY 627 MILLION NEW SHARES

Source text: https://bit.ly/3ea9xOX
Further company coverage:  LOCAL.PA 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))